Rayonier Inc expected to post earnings of 4 cents a share - Earnings Preview

Rayonier

30/04/2024 24:14

* Rayonier Inc  RYN.N   RYN  is expected to show a rise in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Jacksonville Florida-based  company is expected to
report a
8.1% increase in revenue to $193.675 million from $179.1 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Rayonier Inc is for
earnings
of 4 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rayonier
Inc is
$34.00​, above​ its last closing price of $30.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.16        0.15       0.17      Beat    9.8
 Sep. 30 2023  0.11        0.11       0.13      Beat    13.4
 Jan. 1 0001   0.09        0.09       0.05      Missed  -44.4​
 Mar. 31 2023  0.11        0.11       0.01      Missed  -90.9
 ​​Dec.        0.11        0.12       0.11      Missed  -5.2
 31 2022                                                
 Sep. 30 2022  0.10        0.11       0.15      Beat    40.7​
 Jun. 30 2022  0.16        0.16       0.16      Met     1.3
 Mar. 31 2022  0.16        0.16       0.20      Beat    23
 This summary was machine generated April 29 at 23:14 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)