Worthington Steel Inc reports results for the quarter ended February 28 - Earnings Summary

• Worthington Steel Inc WS.N reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of 99 cents. The mean expectation of two analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 29 cents to 67 cents per share.

• Revenue fell 14.7% to $687.40 million from a year ago; analysts expected $711.40 million.

• Worthington Steel Inc shares had fallen by 18.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 44.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the iron & steel peer group is "hold."

Wall Street's median 12-month price target for Worthington Steel Inc is $34.00

This summary was machine generated from LSEG data March 19 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)