Worthington Steel Q3 Adj EPS $0.99 Beats $0.84 Estimate, Sales $805.80M Beat $700.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Worthington Steel (NYSE:WS) reported Q3 adjusted earnings of $0.99 per share, surpassing the consensus estimate of $0.84. Sales reached $805.80 million, exceeding the forecast of $700.50 million.
March 21, 2024 | 8:12 pm
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Worthington Steel reported higher than expected Q3 earnings and sales, with EPS at $0.99 against an $0.84 estimate and sales of $805.80M against a $700.50M estimate.
The significant beat on both earnings per share and sales estimates for Q3 indicates strong performance by Worthington Steel, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100