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Will Worthington Industries (WOR) Crush Estimates at Its Next Earnings Report?

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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Worthington Industries, Inc. (WOR - Free Report) , a firm in the Metal Products - Procurement and Fabrication industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, WOR has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, WOR expected to post earnings of 64 cents per share, while it actually produced earnings of 87 cents per share, a beat of 34.9%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 76 cents per share, when it actually posted earnings of $1.03 per share instead, representing a 35.5% positive surprise.

WORTHINGTON IND Price and EPS Surprise

 

WORTHINGTON IND Price and EPS Surprise | WORTHINGTON IND Quote

Thanks in part to this history, recent estimates have been moving higher for Worthington Industries. In fact, the Earnings ESP for WOR is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for WOR, as the firm currently has a Zacks Earnings ESP of 6.25%, so another beat could be around the corner.

This is particularly true when you consider that WOR has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that WOR could see another beat at its next report, especially if recent trends are any guide.

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