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Worthington (WOR) Q2 Earnings: What To Expect

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

Worthington beat analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $304.5 million, down 3.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Worthington’s revenue to decline 5.6% year on year to $301.1 million, improving from the 13.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 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 six 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, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Worthington is down 1.9% during the same time and is heading into earnings with an average analyst price target of $59.20 (compared to the current share price of $58.38).

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