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

Rayonier

01/11/2023 22:40

* Rayonier Inc  RYN.N  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 15
cents.  The mean expectation of six analysts for the quarter was
for earnings of 11 cents per share. Wall Street expected
results to range from 8 cents to 17 cents per share.
    * Revenue rose 3.2% to $201.60 million from a year ago;
analysts
expected $208.30 million. 
    * Rayonier Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $19.2
million.
    * Rayonier Inc shares had fallen by 11.3% this quarter and
lost 23.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"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
$32.50 
This summary was machine generated from LSEG data November 1 at
10:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.11           0.13           Beat
 Jun. 30 2023      0.09           0.05           Missed
 Mar. 31 2023      0.11           0.01           Missed
 Dec. 31 2022      0.12           0.11           Missed