Earnings Outlook For Worthington Industries
Portfolio Pulse from Benzinga Insights
Worthington Industries (NYSE:WOR) is expected to release its quarterly earnings report on Tuesday, 2023-12-19, with analysts predicting an EPS of $0.71. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, WOR beat EPS estimates by $0.02 but saw a 13.41% decline in share price the following day. Over the past year, WOR shares have increased by 85.91%, indicating a bullish sentiment among long-term shareholders.
December 18, 2023 | 2:01 pm
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NEUTRAL IMPACT
Worthington Industries is anticipated to report quarterly earnings with an EPS forecast of $0.71. Investors are focused on earnings performance and future guidance, which historically have influenced stock price movements.
The short-term impact on WOR's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive future guidance. Historically, the stock has shown sensitivity to earnings outcomes, but given the recent 85.91% year-over-year increase, investor sentiment appears to be positive. The score is neutral due to the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100