Recap: Worthington Enterprises Q3 Earnings
Portfolio Pulse from Benzinga Insights
Worthington Enterprises (NYSE:WOR) reported Q3 earnings with an EPS of $0.8, beating estimates by 7%, but saw a revenue decline to $786.25 million from the previous year. Despite beating EPS estimates in past quarters, such outperformance has previously led to a short-term drop in share price.

March 20, 2024 | 8:55 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Worthington Enterprises reported a Q3 EPS of $0.8, surpassing estimates by 7%, but experienced a revenue decline from the previous year.
While beating EPS estimates typically bodes well for a company's stock, Worthington Enterprises' history shows that past earnings beats were followed by short-term share price declines. Additionally, the significant revenue drop could concern investors, potentially offsetting the positive EPS beat.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100