
Worthington Industries (WOR) Stock Forecast & Price Target
Worthington Industries (WOR) Analyst Ratings
Bulls say
Worthington Enterprises Inc. reported a significant year-over-year sales increase of 18%, reaching $304 million, which exceeded consensus and comparable guidance estimates. The Building Products segment demonstrated strong performance with a 32% increase in sales, bolstered by higher volumes and contributions from the recent Elgen acquisition. Furthermore, the company is benefiting from industry trends towards environmentally friendly refrigerants and modernization efforts in heating and cooking products, reinforcing a positive outlook for future growth.
Bears say
The outlook for Worthington Enterprises Inc. is negative, primarily due to a significant decline in gross margins, which fell approximately 120 basis points year-over-year, largely driven by internal initiatives and increased headcount. In the Building Products segment, equity earnings declined substantially from $10 million to $4 million amid a challenging market environment, indicating weakened performance and lower volumes. Additionally, the company reported an underwhelming Q1 free cash flow of $27.9 million, down from $31.5 million the previous year, further contributing to concerns about its financial stability and operational effectiveness.
This aggregate rating is based on analysts' research of Worthington Industries and is not a guaranteed prediction by Public.com or investment advice.
Worthington Industries (WOR) Analyst Forecast & Price Prediction
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