Worthington Steel (WS) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.57
- Estimate
- $1.16
- Surprise
- -50.9%
- Score today
- 5.5/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Worthington Steel (WS) missed the $1.16 estimate with adjusted EPS of $0.57 — a large 50.9% shortfall.
Coverage in the report window
- Worthington Steel Q1 Adj. EPS $0.57 Misses $0.68 Estimate, Sales $2.727B Beat $885.900M Estimate — benzinga, 2026-10-06
- Earnings Scheduled For October 6, 2026 — benzinga, 2026-10-06
- RPM International, Lamb Weston and 3 Stocks to Watch Heading Into Tuesday — benzinga, 2026-10-06
Where TrendMatrix's rating stands now
TrendMatrix currently rates WS Sell at 5.5/10; no pre/post engine snapshot brackets this report.
1 of the last 4 quarters beat the estimate; this quarter's -50.9% surprise compares with a -22.3% four-quarter average.
What argues against it
- Commodity cycle peak: fwd P/E 7.8× (below 12) + fwd/trail 0.03× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- Concentration risk — Customer: automotive-related customers (52.0%)
- Target reached (2.4% upside)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $38.19
- Price target
- $39.10
- Stop
- $35.52
- Upside to target
- +2.4%
- Reward-to-risk
- 0.2:1
The stock trades at 224.6× trailing but 7.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 72 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.8× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-07 — shown for context, not personalized investment advice.
WS at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Steel
- Market cap
- $1.95B
- P/E (fwd)
- 7.8
- P/E (ttm)
- 224.6
- 52-week range
- $27.22–$49.17
- Off 52-week high
- 22.3%
- RSI (14)
- 72
- Volume vs avg
- 1.78×
- Score today
- 5.5/10