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Worthington (WOR) To Report Earnings Tomorrow: Here Is What To Expect

WOR Cover Image

Diversified industrial manufacturing company Worthington (NYSE: WOR) will be reporting earnings this Tuesday after market hours. Here’s what you need to know.

Worthington beat analysts’ revenue expectations last quarter, reporting revenues of $327.5 million, up 19.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is Worthington a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Worthington’s revenue to grow 14.5% year on year, a reversal from the 3.9% decrease it recorded in the same quarter last year.

Worthington Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Worthington has missed Wall Street’s revenue estimates multiple times over the last two years.

With Worthington being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for industrial machinery stocks. However, the whole sector has faced a sell-off over the last month with stocks in Worthington’s peer group down 11.4% on average. Worthington is down 14.5% during the same time .

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