Market Overview

Worthington Industries Earnings Preview

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Don't be caught off-guard: Worthington Industries (NYSE: WOR) releases its next round of earnings Dec. 18. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for Monday's Quarter Reporting earnings announcement after the bell.

Earnings and Revenue

Analysts are predicting Worthington Industries will report earnings of 67 cents per share on revenue of $823 million.

In the same quarter last year, Worthington Industries posted a profit of 86 cents per share on sales of $727 million. The current analyst consensus estimate would represent a 10.67 percent decrease in the company's earnings. Sales would be up 13.15 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2018 Q4 2017 Q3 2017 Q2 2017
EPS Estimate 0.82 0.77   0.83
EPS Actual 0.73 0.87 0.57 0.75

Q2 EPS Estimate: 67 cents
Q2 Revenues Estimate: $823 million

Stock Performance

Shares of Worthington Industries were trading at $42.14 as of Dec. 15. Shares are down 42.14 percent year to date. For a full 12 months, the return has declined by 42.14 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Over the past 90 days, analysts have generally adjusted their estimates lower for EPS and revenues. The most common rating by analysts on Worthington Industries stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Worthington Industries's Q2 conference call is scheduled to begin at 8:00 p.m. ET and can be accessed here. https://worthingtonindustries.com/Company/Investor-Center/Presentations-Events

 

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