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

Weyerhaeuser

26/07/2024 01:21

* Weyerhaeuser Co  WY.N  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 21 cents per share. Wall Street expected
results to range from 17 cents to 28 cents per share.
    * Revenue fell 2.9% to $1.94 billion from a year ago;
analysts
expected $1.94 billion. 
    * Weyerhaeuser Co's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $173 million.
    * Weyerhaeuser Co shares had risen by 5.2% this quarter and
lost 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.1%
in the last three months.​ 
    * In the last 30 days, seven 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 $37.00 
This summary was machine generated from LSEG data July 26 at
12:21 a.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
 Jun. 30 2024      0.21           0.21           Met
 Mar. 31 2024      0.15           0.16           Beat
 Dec. 31 2023      0.34           0.16           Missed
 Sep. 30 2023      0.34           0.33           Missed