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

Rayonier

01/05/2024 23:35

* Rayonier Inc  RYN.N  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of six analysts for the quarter was
for earnings of 4 cents per share. Wall Street expected
results to range from 2 cents to 7 cents per share.
    * Revenue fell 6.1% to $168.10 million from a year ago;
analysts
expected $193.68 million. 
    * Rayonier Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.4 million.
    * Rayonier Inc shares had fallen by 10.8% this quarter and
lost 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Rayonier Inc is
$34.00 
This summary was machine generated from LSEG data May 1 at 10:35
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.04           0.05           Beat
 Dec. 31 2023      0.15           0.17           Beat
 Sep. 30 2023      0.11           0.13           Beat
 Jun. 30 2023      0.09           0.05           Missed