Group 1: Earnings Performance - Worthington Steel, Inc. reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.67 per share, and down from $0.99 per share a year ago, representing an earnings surprise of -47.76% [1] - The company posted revenues of $687.4 million for the quarter ended February 2025, missing the Zacks Consensus Estimate by 6.09%, compared to year-ago revenues of $805.8 million [2] - Over the last four quarters, Worthington Steel has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Worthington Steel shares have lost about 18% since the beginning of the year, while the S&P 500 has declined by -4.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.94 on $776 million in revenues, and for the current fiscal year, it is $2.26 on $3.13 billion in revenues [7] Group 3: Industry Context - The Steel - Specialty industry, to which Worthington Steel belongs, is currently in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]
Worthington Steel, Inc. (WS) Q3 Earnings and Revenues Miss Estimates