Worthington Steel Q1 Adj $0.56 Misses $0.60 Estimate, Sales $834.00M Beat $757.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Worthington Steel reported Q1 earnings of $0.56 per share, missing the $0.60 estimate, but sales of $834M beat the $757.1M estimate. Earnings decreased by 55.56% from last year, while sales decreased by 7.93%.
September 25, 2024 | 8:11 pm
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NEGATIVE IMPACT
Worthington Steel's Q1 earnings per share missed estimates, but sales exceeded expectations. Earnings decreased significantly year-over-year, indicating potential challenges.
The miss on earnings per share suggests potential profitability issues, while the sales beat indicates strong revenue performance. However, the significant year-over-year decline in earnings could lead to negative sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100