Rayonier Inc reports results for the quarter ended in September 30 - Earnings Summary

Rayonier

07/11/2024 14:56

* Rayonier Inc  RYN.N  reported quarterly adjusted earnings
of 12
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of six analysts for the quarter was
for earnings of 13 cents per share. Wall Street expected
results to range from 12 cents to 15 cents per share.
    * Revenue fell 3.3% to $195.00 million from a year ago;
analysts
expected $210.86 million. 
    * Rayonier Inc's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $28.8
million.
    * Rayonier Inc shares had fallen by 2.2% this quarter and
lost 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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
32.00 
This summary was machine generated from LSEG data November 7 at
02:56 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
 Sep. 30 2024      0.13           0.12           Missed
 Jun. 30 2024      0.14           0.02           Missed
 Mar. 31 2024      0.04           0.05           Beat
 Dec. 31 2023      0.15           0.17           Beat