Worthington Enterprises Stock (NYSE: WOR)

Worthington Enterprises (NYSE:WOR) Stock

Worthington Enterprises

Worthington Industries

Worthington Enterprises Inc is a designer and manufacturer of products sold to consumers, through retail channels, in the tools, outdoor living and celebrations market categories as well as a wide array of specialized building products that serve customers in the residential and non-residential construction markets, including ceiling suspension systems and light gauge metal framing products, as well as wholly-owned and consolidated operations that produce pressurized containment solutions for heating, cooking and cooling applications, among others. It operates under two reportable operating segments: Consumer Products and Building Products. It derives majority of the revenue from Building Products segment.

May,30,,2024,,Brazil.,In,This,Photo,Illustration,,The,Worthington

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This Worthington Enterprises Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

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Earnings

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Crude Oil Gains Over 1%, General Mills Shares Fall

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Worthington Enterprises shares are trading higher after Seaport Global initiated coverage on the stock with a Buy rating and announced a price target of $55.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Seaport Global analyst Martin Englert initiated coverage on Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) with a Buy rating and announced a price target of $55. Worthington Enterprises shares closed at $41.34 on Wednesday. <a href="https://www.benzinga.com/quote/WOR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Scott Buck initiated coverage on Knightscope, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) with a Buy rating and announced a price target of $16. Knightscope shares closed at $10.43 on Wednesday. <a href="https://www.benzinga.com/quote/KSCP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities analyst Kalpit Patel initiated coverage on Foghorn Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHTX#NASDAQ">FHTX</a>) with a Buy rating and announced a price target of $10. Foghorn Therapeutics shares closed at $3.98 on Wednesday. <a href="https://www.benzinga.com/quote/FHTX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Matthew Caufield initiated coverage on Surrozen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRZN#NASDAQ">SRZN</a>) with a Buy rating and announced a price target of $32. Surrozen shares closed at $11.25 on Wednesday. <a href="https://www.benzinga.com/quote/SRZN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets analyst Bobby Brooks initiated coverage on PHINIA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHIN#NYSE">PHIN</a>) with an Outperform rating and announced a price target of $61. Phinia shares closed at $49.97 on Wednesday. <a href="https://www.benzinga.com/quote/PHIN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying WOR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="602" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30091336/image-262-1024x602.png" alt="" class="wp-image-758166" style="width:517px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30091336/image-262-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30091336/image-262-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30091336/image-262-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30091336/image-262.png 1128w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Seaport Global analyst Martin Englert initiates coverage on Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) with a Buy rating and announces Price Target of $55.

Price Target

Seaport Global Initiates Coverage On Worthington Enterprises with Buy Rating, Announces Price Target of $55

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Shares of companies within the broader consumer discretionary sector are trading higher following softer-than-expected December inflation data.

Canaccord Genuity analyst Brian McNamara maintains Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) with a Hold and raises the price target from $46 to $49.

Canaccord Genuity Maintains Hold on Worthington Enterprises, Raises Price Target to $49

The CNN Money Fear and Greed index showed a sharp decline in the overall market sentiment, while the index moved to the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling for the 10th session in a row, dipping more than 1,100 points during the session.
Federal Reserve Chair Jerome Powell adopted a hawkish stance during his Wednesday press conference after the December Fed meeting. Although the Federal Reserve lowered interest rates by 0.25% to a range of 4.25%-4.5%, as widely anticipated, the updated economic projections suggest just two potential rate cuts in 2025 — down from four projected in September and fewer than the three anticipated by markets before the meeting.
On the economic data front, the U.S. recorded a current account deficit of $310.9 billion in the third quarter compared to the revised gap of $275.0 billion in the previous period, versus market estimates of a $284 billion gap. U.S. housing starts fell 1.8% to an annualized rate of 1.289 million units in November from 1.312 million in October.
General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) shares fell around 3% on Wednesday following the release of second-quarter results. Shares of Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) rose around 10% during Wednesday&#8217;s session as the company posted better-than-expected results for its second quarter.
All sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, real estate, and communication services stocks recording the biggest losses on Wednesday.
The Dow Jones closed lower by around 1,123 points to 42,326.87 on Wednesday. The S&amp;P 500 fell 2.95% to 5,872.16, while the Nasdaq Composite declined 3.56% at 19,392.69 during Wednesday's session.
Investors are awaiting earnings results from Accenture Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), and FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 33.9, the index moved to the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 50.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Dow Dips Over 1,100 Points, Falling For 10th Session As Powell Adopts Hawkish Stance: Greed Index Moves To 'Fear' Zone

<h3>Gainers</h3>
<ul>
<li>Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) stock moved upwards by 16.1% to $44.37 during Wednesday's pre-market session. The company's market cap stands at $2.2 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) shares rose 12.65% to $1.78. The company's market cap stands at $22.4 million. </li>
<li>Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) shares moved upwards by 12.46% to $3.7. The company's market cap stands at $39.9 million. </li>
<li>Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) shares increased by 12.15% to $7.75. The market value of their outstanding shares is at $808.8 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) stock increased by 9.57% to $0.79. The market value of their outstanding shares is at $2.0 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) stock moved upwards by 9.57% to $1.6. The company's market cap stands at $14.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) stock decreased by 27.0% to $28.01 during Wednesday's pre-market session. The market value of their outstanding shares is at $563.1 million. </li>
<li>XWELL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) shares decreased by 9.45% to $1.62. The company's market cap stands at $8.5 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares fell 8.53% to $0.08. The company's market cap stands at $1.4 million. </li>
<li>Hesai Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) shares decreased by 7.62% to $12.86. The market value of their outstanding shares is at $1.6 billion. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) stock declined by 7.6% to $2.31. The company's market cap stands at $2.6 million. </li>
<li>Mixed Martial Arts Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) stock fell 5.61% to $1.18. The company's market cap stands at $12.3 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 150 points on Wednesday.
The Dow traded up 0.52% to 43,674.00 while the NASDAQ rose 0.26% to 20,161.35. The S&amp;P 500 also rose, gaining, 0.31% to 6,069.24.
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Leading and Lagging Sectors Information technology shares rose by 0.6% on Wednesday.
In trading on Wednesday, real estate shares fell by 0.3%.
Top Headline
General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) shares fell around 3% on Wednesday following the release of second-quarter results.
The company reported second-quarter adjusted earnings per share of $1.40, beating the street view of $1.22. Quarterly sales of $5.24 billion beat the analyst consensus estimate of $5.14 billion.
General Mills has revised its FY25 adjusted EPS outlook, now expecting a decline of 3% to 1% in constant currency. This adjustment compares to the previous outlook range of a decline of 1% to a growth of 1% in constant currency.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Polyrizon Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares shot up 227% to $3.4277 after the company announced it secured a GMP partnership with Eurofins CDO Amatsiaquitaine.</li>
<li>Shares of KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>)got a boost, surging 200% to $0.5353 after the company announced it regained NYSE stockholders&#8217; equity required compliance status.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) shares were also up, gaining 16% to $44.35 as the company posted better-than-expected results for its second quarter.</li>
</ul>
Equities Trading DOWN
<ul>
<li>TransCode Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAZ#NASDAQ">RNAZ</a>) shares dropped 41% to $3.7280. TransCode Therapeutics announced Safety Review Committee approval of opening third cohort and preliminary results from first cohort in Phase 1 TTX-MC138 clinical trial.</li>
<li>Shares of HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) were down 9% to $236.77 following mixed fourth-quarter results.</li>
<li>Corvus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) was down, falling 46% to $4.02. The company announced interim data from the randomized, double-blind, placebo-controlled Phase 1 clinical trial evaluating soquelitinib in patients with moderate to severe atopic dermatitis.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $71.02 while gold traded down 0.4% at $2,651.90.
Silver traded down 1% to $30.625 on Wednesday, while copper rose 0.2% to $4.1535.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.15%, Germany's DAX fell 0.02% and France's CAC 40 rose 0.26%. Spain's IBEX 35 Index gained 0.26%, while London's FTSE 100 rose 0.05%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.72%, Hong Kong's Hang Seng Index gaining 0.83%, China's Shanghai Composite Index gaining 0.62% and India's BSE Sensex falling 0.62%.
Economics
<ul>
<li>U.S. mortgage applications fell by 0.7% from the previous week during the week ending Dec. 13, compared to the 5.4% gain in the previous week.</li>
<li>The U.S. recorded a current account deficit of $310.9 billion in the third quarter compared to the revised gap of $275.0 billion in the previous period and versus market estimates of a $284 billion gap.</li>
<li>U.S. housing starts fell 1.8% to an annualized rate of 1.289 million units in November from 1.312 million in October.</li>
<li>U.S. building permits in gained by 6.1% to an annualized rate of 1.505 million in November.</li>
<li>U.S. stocks of crude oil declined by 934 thousand barrels in the second week of December, compared to a 1.425 million barrel fall in the previous week, and versus market expectations of a 1.7 million barrel decline.</li>
</ul>
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U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Wednesday.
Shares of Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) rose sharply during Wednesday's session as the company posted better-than-expected <a href="https://www.benzinga.com/news/earnings/24/12/42551215/worthington-enterprises-delivers-q2-earnings-beat-growth-in-building-products-drives-momentum">results for its second quarter</a>.
On Tuesday, the company reported a net sales decline of 8% year over year to $274.0 million, beating the consensus of $273.77 million. The decline was attributed to the deconsolidation of the former Sustainable Energy Solutions segment. Adjusted EPS of 60 cents exceeded the consensus of 52 cents.
Worthington Enterprises shares jumped 14.4% to $43.72 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) shares jumped 59% to $2.29 after the company announced it regained NYSE stockholders&#8217; equity required compliance status.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 30.1% to $21.85 on continued strength, after the company on Tuesday announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging and data processing support.</li>
<li>SkyWater Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) surged 21.6% to $15.90.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) rose 19.1% to $23.09.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) shares gained 18.3% to $5.26.</li>
<li>Exodus Movement, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXOD#NASDAQ">EXOD</a>) jumped 15.5% to $45.00.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) gained 15.5% to $3.80 as the company announced a $49 million equity conversion by leading investors.</li>
<li>FormFactor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) rose 11.5% to $48.90.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) gained 10% to $147.38 following better-than-expected quarterly results.</li>
<li>EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) gained 8.7% to $99.52.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares rose 7.2% to $9.75. Cantor Fitzgerald analyst Andres Sheppard maintained Archer Aviation with an Overweight and raised the price target from $10 to $13.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) gained 6.7% to $5.66.</li>
</ul>
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Worthington Enterprises Posts Upbeat Results, Joins Jabil, Archer Aviation And Other Big Stocks Moving Higher On Wednesday

Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) shares traded higher premarket on Wednesday after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42540382/worthington-enterprises-reports-second-quarter-fiscal-2025-results" rel="noreferrer noopener">reported second-quarter&nbsp;financial results</a>.
On Tuesday, the company reported a&nbsp;net sales decline of&nbsp;8% year over year to&nbsp;$274.0&nbsp;million, beating the consensus of&nbsp;$273.77 million. The decline was attributed to the deconsolidation of the former Sustainable Energy Solutions segment.
Adjusted EBITDA increased 2% to&nbsp;$56.2&nbsp;million. Adjusted EPS&nbsp;of&nbsp;$0.60&nbsp;exceeded <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of&nbsp;$0.52</a>.
By segment, Consumer Products&#8217; net sales fell 2.2% to $116.7&nbsp;million&nbsp;in the quarter, with adjusted EBITDA coming in at&nbsp;$15.5&nbsp;million, up&nbsp;$2.8 million&nbsp;over the prior year quarter. Meanwhile, Building Products generated net sales of&nbsp;$157.3&nbsp;million, up 4.0%&nbsp;year-over-year.
Total debt at quarter end consisted entirely of long-term debt and was relatively unchanged from May 31, 2024, at&nbsp;$295.7 million&nbsp;and cash stood at&nbsp;$193.8&nbsp;million.
The Board of Directors declared a quarterly dividend of&nbsp;$0.17&nbsp;per common share, payable on March 28, 2025, to shareholders of record as of March 14, 2025.
In the quarter, the company repurchased 200,000&nbsp;common shares for&nbsp;$8.1&nbsp;million, with 5.715 million shares remaining under the share repurchase authorization.
Worthington Enterprises President and CEO Joe Hayek said, &#8220;Consumer Products&#8217; earnings growth was driven by increased volumes and improved gross margins. Building Products generated higher earnings driven by the inclusion of Ragasco and stronger contributions from WAVE.&#8221;
&#8220;We have improved our value propositions in multiple product lines over the last year, and we are very well positioned as growth returns to our end markets.&nbsp;Led by our people-first, performance-based culture, leveraging a solid balance sheet and a commitment to transformation, innovation and M&amp;A, we are confident in our ability to optimize our business, drive sustainable growth and deliver long-term value to our shareholders.&#8221;
Price Action: WOR shares are up 12.6% at $43.00 premarket at the last check Wednesday.
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Photo: Shutterstock

Mid Cap

Guidance

Worthington Enterprises Delivers Q2 Earnings Beat: Growth In Building Products Drives Momentum

Worthington Enterprises shares are trading higher after the company reported better-than-expected Q2 financial results.

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1.22 per share on revenue of $5.14 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares fell 0.3% to $65.75 in after-hours trading.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) posted better-than-expected results for its second quarter on Tuesday. Worthington shares jumped 14.3% to $43.66 in the after-hours trading session.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings at $1.88 per share on revenue of $6.61 billion before the opening bell. Jabil shares gained 0.2% to $134.20 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) reported worse-than-expected fourth-quarter sales results and announced plans for a strategic restructuring of operations including divestiture of certain business segments. Applied DNA Sciences shares dipped 9.6% to $0.2079 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.76 per share on revenue of $8.72 billion. The company will release earnings after the closing bell. Micron shares gained 0.8% to $109.48 in the after-hours trading session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter"> </a>
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<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Micron

APDN

General Mills, Micron Technology And 3 Stocks To Watch Heading Into Wednesday

Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) released its Q2 earnings on Tuesday, December 17, 2024 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Worthington Enterprises beat estimated earnings by 15.0%, reporting an EPS of $0.6 versus an estimate of $0.52.
Revenue was down $812.95 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
The company missed on EPS by $0.24 in the last quarter, resulting in a 6.0% drop share price change the following day.
Here's a look at Worthington Enterprises's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.74</td>
<td>0.94</td>
<td>0.75</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.50</td>
<td>0.74</td>
<td>0.80</td>
<td>0.78</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>300.26M</td>
<td>359.39M</td>
<td>326.97M</td>
<td>1.03B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>257.31M</td>
<td>318.80M</td>
<td>316.75M</td>
<td>1.09B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Worthington Enterprises <a href="https://www.benzinga.com/quote/WOR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Worthington Enterprises Q2 Earnings Assessment

Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.52 by 15.38 percent. The company reported quarterly sales of $274.000 million which beat the analyst consensus estimate of $273.770 million by 0.08 percent. This is a 74.79 percent decrease over sales of $1.087 billion the same period last year.

Earnings Beats

Worthington Enterprises Q2 2025 Adj. EPS $0.60 Beats $0.52 Estimate, Sales $274.000M Beat $273.770M Estimate

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) to report quarterly earnings at 52 cents per share on revenue of $273.77 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Worthington Enterprises shares fell 0.1% to $38.64 in after-hours trading.</li>
<li>Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) posted downbeat results for its fourth quarter on Monday. Compass Minerals shares dipped 7.3% to $11.69 in the after-hours trading session.</li>
<li>Analysts expect Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) to post a quarterly loss at 34 cents per share on revenue of $899 thousand after the closing bell. Applied Digital shares fell 0.2% to $9.99 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) reported worse-than-expected second-quarter financial results on Monday. The company reported second-quarter revenue of $1.53 million, missing analyst estimates of $4.13 million. The drone technology company reported a second-quarter loss of 18 cents per share, missing analyst estimates for a loss of eight cents per share, according to Benzinga Pro. Red Cat shares tumbled 15.8% to $8.80 in the after-hours trading session.</li>
<li>Analysts expect REE Automotive Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) to post a quarterly loss at $1.01 per share on revenue of $50 thousand. The company will release earnings before the opening bell. REE Automotive shares gained 7.2% to $11.77 in the after-hours trading session.</li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42509800/wall-streets-most-accurate-analysts-give-their-take-on-3-financial-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financial Stocks Delivering High-Dividend Yields</a></li>
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Worthington Enterprises, Red Cat Holdings, And 3 More Stocks To Watch As US Futures Trade Lower On Tuesday

<h3>Companies Reporting Before The Bell</h3>
• REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) is expected to report quarterly loss at $0.86 per share on revenue of $50 thousand. 
• Cheetah Mobile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCM#NYSE">CMCM</a>) is projected to report earnings for its third quarter. 
• NeuroOne Medical Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMTC#NASDAQ">NMTC</a>) is likely to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $273.77 million. 
• cbdMD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $4.81 million. 
• Applied DNA Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) is estimated to report quarterly loss at $0.35 per share on revenue of $899 thousand. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CMCM

NMTC

YCBD

Earnings Scheduled For December 17, 2024

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, with the Dow Jones index falling for the eighth session in a row. However, the Nasdaq surged to a record high during the session.
Shares of Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) all surged to new all-time highs on Monday.
On the economic data front, the NY Empire State Manufacturing Index declined to 0.20 in December compared to 31.2 in the previous month, and down from market estimates of 12.
The S&amp;P Global services PMI climbed to 58.5 in December versus 56.1 in November. The S&amp;P Global manufacturing PMI declined to 48.3 in December compared to 49.7 in the prior month.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, energy and healthcare stocks recording the biggest losses on Monday. However, consumer discretionary and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by over 110 points to 43,717.48 on Monday. The S&amp;P 500 gained 0.38% to 6,074.08, while the Nasdaq Composite gained 1.24% at 20,173.89 during Monday's session.
Investors are awaiting earnings results from Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>), Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) and REE Automotive Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) today.
At a current reading of 56.7, the index moved to the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 49.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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</ul>

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Dow Falls For 8th Session, While Nasdaq Hits Record High As Apple, Alphabet, And Tesla Rise: Fear Index Shifts To 'Greed' Zone

Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) will release earnings for its second quarter, after the <a href="https://www.benzinga.com/quote/WOR/earnings">closing bell on Tuesday, Dec. 17.</a>
Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 52 cents per share, down from 78 cents per share in the year-ago period. Worthington projects to report quarterly revenue of $273.77 million, compared to $1.09 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 24, Worthington posted weaker-than-expected result for its second quarter.
With the recent buzz around Worthington, some investors may be eyeing potential gains from the company's dividends too. As of now, Worthington offers an annual dividend yield of 1.73%, which is a quarterly dividend amount of 17 cents per share (68 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $346,254 or around 8,824 shares. For a more modest $100 per month or $1,200 per year, you would need $69,259 or around 1,765 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.68 in this case). So, $6,000 / $0.68 = 8,824 ($500 per month), and $1,200 / $0.68 = 1,765 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
WOR Price Action: Shares of Worthington gained 0.3% to close at $39.24 on Friday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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</div>
</figure>
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Image: Shutterstock

Long Ideas

How To Earn $500 A Month From Worthington Enterprises Stock Ahead Of Q2 Earnings

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AGAE

FEBO

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FNKO

GORV

LAZR

LOBO

MGOL

NCLH

PENN

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SPGC

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Press Releases

General

Worthington Enterprises Begins Modernization Project at Chilton, Wisconsin, Campus

Worthington Enterprises Schedules First Quarter 2025 Earnings Call for September 25

Worthington Enterprises Releases 2024 Corporate Citizenship and Sustainability Report

Dividends

Worthington Enterprises Declares Quarterly Dividend

Worthington Enterprises Reports First Quarter Fiscal 2025 Results

Management

Worthington Enterprises Names Joseph Hayek Chief Executive Officer; Effective Nov. 1

Worthington Enterprises Schedules Second Quarter 2025 Earnings Call for December 18

Worthington Enterprises Reports Second Quarter Fiscal 2025 Results

Worthington Enterprises Supports PHMSA Cylinder Safety Advisory Seeking to Keep Americans Safe from Fraudulent Imports

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