Weyerhaeuser Co reports results for the quarter ended in January 1 - Earnings Summary

Weyerhaeuser

27/10/2024 15:41

* Weyerhaeuser Co  WY.N  reported quarterly adjusted
earnings of 5
cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of 33
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of one cent per share. Wall Street expected
results to range from -2 cents to 6 cents per share.
    * Revenue fell 16.9% to $1.68 billion from a year ago;
analysts
expected $1.68 billion. 
    * Weyerhaeuser Co's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $28 million.
    * Weyerhaeuser Co shares had fallen by 5.1% this quarter and
lost 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 93.6%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Weyerhaeuser Co
is 38.00 
This summary was machine generated from LSEG data October 27 at
03:41 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      0.01           0.05           Beat
 Jun. 30 2024      0.21           0.21           Met
 Mar. 31 2024      0.15           0.16           Beat
 Dec. 31 2023      0.17           0.16           Missed