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Weyerhaeuser (WY) Beats on Q3 Earnings, Lags on Revenues
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Weyerhaeuser Company (WY - Free Report) is one of the leading U.S. forest product companies, offering logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings to a diversified client base in the U.S., Canada, Japan, Europe and other regions. This Washington-based company has $22.7 billion market capitalization.
However, Weyerhaeuser’s businesses are directly influenced by the U.S. housing market. Also, availability of credits for home buying as well as buyer’s affordability to match pace with the rising prices remains a matter of concern. Investors are eagerly waiting for the company’s latest earnings report.
Weyerhaeuser reported better-than-expected results in three out of four trailing quarter, while recording below expected results in one. Average earnings surprise stands at a positive 8.66%.
Currently, Weyerhaeuser has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Weyerhaeuser reported earnings, before special items, of 23 cents per share in third-quarter 2016. The bottom line result came in above the Zacks Consensus Estimate of 22 cents per share.
Revenue: Revenues lagged. Weyerhaeuser generated revenues of $1.709 billion, below the Zacks Consensus Estimate of $1.74 billion.
Key Stats to Note: During the third-quarter 2016, the company completed divesting its liquid packaging board business as well as completed $2 billion accelerated share repurchase program.
Stock Price: Weyerhaeuser shares were up almost 0.66% ahead of the report while no movement has been recorded in the pre-market trading session.
Check back our full write up on this WY earnings report later!
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Weyerhaeuser (WY) Beats on Q3 Earnings, Lags on Revenues
Weyerhaeuser Company (WY - Free Report) is one of the leading U.S. forest product companies, offering logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings to a diversified client base in the U.S., Canada, Japan, Europe and other regions. This Washington-based company has $22.7 billion market capitalization.
However, Weyerhaeuser’s businesses are directly influenced by the U.S. housing market. Also, availability of credits for home buying as well as buyer’s affordability to match pace with the rising prices remains a matter of concern. Investors are eagerly waiting for the company’s latest earnings report.
Weyerhaeuser reported better-than-expected results in three out of four trailing quarter, while recording below expected results in one. Average earnings surprise stands at a positive 8.66%.
WEYERHAEUSER CO Price and EPS Surprise
WEYERHAEUSER CO Price and EPS Surprise | WEYERHAEUSER CO Quote
Currently, Weyerhaeuser has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Weyerhaeuser reported earnings, before special items, of 23 cents per share in third-quarter 2016. The bottom line result came in above the Zacks Consensus Estimate of 22 cents per share.
Revenue: Revenues lagged. Weyerhaeuser generated revenues of $1.709 billion, below the Zacks Consensus Estimate of $1.74 billion.
Key Stats to Note: During the third-quarter 2016, the company completed divesting its liquid packaging board business as well as completed $2 billion accelerated share repurchase program.
Stock Price: Weyerhaeuser shares were up almost 0.66% ahead of the report while no movement has been recorded in the pre-market trading session.
Check back our full write up on this WY earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>