Why Is WORTHINGTON STL INC (WS) Stock Down Today?

Worthington Steel Inc. stock fell 10.93% to $34.02 in early trading on October 7, 2026, following the release of its first-quarter fiscal 2027 results. The company reported adjusted earnings per share of $0.57, which missed the $0.77 per share recorded in the same period last year. Additionally, the company’s non-GAAP EPS of $0.57 fell short of expectations by $0.59. The stock opened with a 1.8% gap down and continued to decline throughout the session, hitting a 52-week low.

What Happened

Worthington Steel released its Q1 2027 earnings report on October 7, which included a slide deck and an 8-K filing with the SEC. The report showed a net sales figure of $2.72 billion, with revenue up 11.3% year-to-date. However, the company’s net margin stood at just 0.2%, and its adjusted EPS of $0.57 was significantly lower than the $0.77 in the prior-year period. The earnings call transcript was published by Benzinga, and the company announced a $0.16 per share dividend, which had been declared in early September. The disappointing earnings performance and weak margin expansion appear to have driven the sharp sell-off.

What The Data Shows

The stock’s intraday session showed a weak start, with a low of $33.62 shortly after the market opened. Volume so far was 0.1 million shares, which is 0.2 times the 3-month average. The stock is now trading near its 52-week low of $27.22. With a market cap of $2.0 billion, a P/E ratio of 224.6, and a beta of 2.23, the stock is highly sensitive to market swings. The dividend yield of 1.64% contrasts with the company’s weak net margin and elevated valuation.

What To Watch

The company has not scheduled an earnings date for the current quarter. Investors will want to monitor coverage breadth and any follow-up analysis from analysts in the coming days.