Rayonier Inc reports results for the quarter ended in March - Earnings Summary

Rayonier

03/05/2023 23:45

* Rayonier Inc  RYN.N  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
11 cents per share.
    * Revenue fell 19.3% to $179.10 million from a year ago;
analysts
expected $216.30 million. 
    * Rayonier Inc's reported EPS for the quarter was 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 43.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Rayonier Inc shares had fallen by 7.4% this quarter and
lost 6.6% so far this year.
    * The company reported quarterly net income of $8.3 million.
    * Wall Street's median 12-month price target for Rayonier
Inc is
$36.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.11           0.01           Missed
 Dec. 31 2022      0.12           0.11           Missed
 Sep. 30 2022      0.11           0.15           Beat
 Jun. 30 2022      0.16           0.16           Met