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Earnings Estimates Moving Higher for Worthington Industries (WOR): Time to Buy?
October 03, 2016

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Worthington Industries, Inc. (WOR - Free Report) is a leading diversified metal processing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WOR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Worthington Industries could be a solid choice for investors.

Current Quarter Estimates for WOR

In the past 30 days, one estimate has gone higher for Worthington Industries while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 60 cents a share 30 days ago, to 76 cents today, a move of 26.7%.

Current Year Estimates for WOR

Meanwhile, Worthington Industries’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $2.65 per share 30 days ago to $3.14 per share today, an increase of 18.5%.

WORTHINGTON IND Price and Consensus


Bottom Line

The stock has also started to move higher lately, adding 10.72% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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