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What: Shares of metal processor Worthington Industries
So what: Revenue reached $675.7 million, topping analyst estimates of $649.2 million. But earnings were the truly impressive number, coming in at $0.64 per share, $0.09 better than the “experts” were expecting.
Now what: Management expects a slowly improving economy will help the company through 2012, but it could be uneven. Shares are currently trading at 13 times forward earnings estimates and considering Worthington has crushed estimates four of the last five quarters, I like that valuation. Shares have already hit a 52-week high today, but I think they have further to run after such a solid quarter.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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