Worthington Steel Inc reports results for the quarter ended November 30 - Earnings Summary

Worthington Steel

18/12/2024 22:01

* Worthington Steel Inc  WS.N  reported quarterly adjusted
earnings of 19 cents​​ per share for the quarter ended November
30, higher than the same quarter last year, when the company
reported EPS of 11 cents.  The mean expectation of two analysts
for the quarter was for earnings of 63 cents per share. Wall
Street expected results to range from 56 cents to 70 cents per
share.
    * Revenue fell 8.6% to $739.00 million from a year ago;
analysts
expected $719.45 million. 
    * Worthington Steel Inc shares had risen by 15.8% this
quarter and
gained 40.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is  "hold."

Wall Street's median 12-month price target for Worthington Steel
Inc is $40.00 
This summary was machine generated from LSEG data December 18 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2024      0.63           0.19           Missed
 Aug. 31 2024      0.55           0.56           Beat
 May. 31 2024      0.84           1.06           Beat
 Feb. 29 2024      0.84           0.99           Beat