Charting Worthington Industries' Latest Earnings Release

Worthington Industries (NYS: WOR) reported earnings on Jan. 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Nov. 30 (Q2), Worthington Industries missed on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted slightly, and earnings per share expanded significantly.

Gross margins contracted, operating margins increased, net margins grew.

Revenue details
Worthington Industries recorded revenue of $570 million. The six analysts polled by S&P Capital IQ predicted revenue of $589 million. Sales were 1.8% lower than the prior-year quarter's $581 million.


Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at -$0.20. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.32 per share on the same basis. GAAP EPS of $0.27 for Q2 were 35% higher than the prior-year quarter's $0.20 per share.


Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 11.6%, 40 basis points worse than the prior-year quarter. Operating margin was 2.3%, 10 basis points better than the prior-year quarter. Net margin was 3.2%, 70 basis points better than the prior-year quarter.


Source: S&P Capital IQ. Quarterly periods.

Looking ahead
What does the future hold?

Next quarter's average estimate for revenue is $600 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $2.5 billion. The average EPS estimate is $1.59.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 130 members out of 154 rating the stock outperform, and 24 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Worthington Industries a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Worthington Industries is hold, with an average price target of $18.63.

At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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