Worthington to Report Earnings Tuesday After Market Close

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Worthington will report earnings this Tuesday after market close. The diversified industrial manufacturing company beat analysts' revenue expectations last quarter, reporting revenues of $378.7 million, up 24.4% year on year, with a solid beat on adjusted operating income and EPS estimates. For this quarter, the market expects revenue to grow 21.7% year on year, improving from flat revenue in the same quarter last year. Most analysts have reconfirmed their estimates over the last 30 days, though Worthington has missed Wall Street's revenue estimates multiple times over the last two years. Worthington is the first among its peers to report earnings this season, and its shares are up 8.5% over the last month, outperforming the 3.6% average gain for industrial machinery stocks.

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