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What To Expect From Worthington’s (WOR) Q4 Earnings

WOR Cover Image

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

Worthington beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $303.7 million, up 18% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Worthington’s revenue to grow 13.3% year on year to $310.6 million, a reversal from the 8.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share.

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 four 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, there has been positive investor sentiment in the segment, with share prices up 9.4% on average over the last month. Worthington is up 11.1% during the same time and is heading into earnings with an average analyst price target of $68.20 (compared to the current share price of $58.50).

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