Earnings Preview: Worthington Industries Reports Q1 Results Sept. 28

| About: Worthington Industries, (WOR)

Worthington Industries Inc. (NYSE:WOR) is due to report earnings after the closing bell on September 28, 2011.


Worthington Industries Inc. operates as a diversified metals processing company focusing on steel processing and manufactured metal products in the United States, Canada and Europe. The company was founded in 1955 and is headquartered in Columbus, Ohio.

52 Week High: $23.75
52 Week Low: $12.84
Book Value: $9.62
Float Short: 10.90%

On average, analysts are expecting a drop of $-0.29 in earnings per share compared to last quarter's results of $0.64. The number to beat is $0.35 per share, based on the estimated mean earnings. Analyst estimates range between $0.3 and $0.38 per share.

The current trailing twelve months (ttm) P/E ratio is 9.2 The forward P/E ratio is 7.7. In the last month, the stock has decreased in price -9.06%, with a one year change of -7.00%. Compared to the S&P 500, the year to date difference is -18.40%.

The company has rising revenue year-over-year of $2.44 billion for 2011 vs. $1.94 billion for 2010. The bottom line has rising earnings year-over-year of $115.07 million for 2011 vs. $45.24 million for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $124.36 million for 2011 vs. $21.96 million for 2010.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
May-11 $ 649.20 M $ 675.70 M $ 26.50 M 4.08%
Feb-11 $ 587.97 M $ 569.44 M $ -18.53 M -3.15%
Nov-10 $ 592.93 M $ 580.69 M $ -12.24 M -2.06%
Aug-10 $ 581.81 M $ 616.80 M $ 34.99 M 6.01%
May-10 $ 528.84 M $ 626.41 M $ 97.57 M 18.45%
M = millions, B = billions

Differences are rounded. (Some one-time items are often excluded in reported EPS.)

Reported earnings per share compared to the mean estimate. Differences are rounded.

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Tagged: , Steel & Iron, Earnings
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