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Weyerhaeuser (WY) Beats on Q1 Earnings and 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 $26.1 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 two out of four trailing quarter, while recording below expected results in two. Average earnings surprise stands at a positive 0.72%.
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 22 cents per share in first-quarter 2017. The bottom line result came in above the Zacks Consensus Estimate of 18 cents per share.
Revenue: Revenues surpassed. Weyerhaeuser generated revenues of $1.693 billion, above the Zacks Consensus Estimate of $1.59 billion.
Key Stats to Note: During the first-quarter 2017, the company completed merging with Plum Creek Timber Company, Inc.
Stock Price: Weyerhaeuser shares were up almost 1.20% 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!
The Best & Worst of Zacks
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Weyerhaeuser (WY) Beats on Q1 Earnings and 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 $26.1 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 two out of four trailing quarter, while recording below expected results in two. Average earnings surprise stands at a positive 0.72%.
Weyerhaeuser Company Price and EPS Surprise
Weyerhaeuser Company Price and EPS Surprise | Weyerhaeuser Company 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 22 cents per share in first-quarter 2017. The bottom line result came in above the Zacks Consensus Estimate of 18 cents per share.
Revenue: Revenues surpassed. Weyerhaeuser generated revenues of $1.693 billion, above the Zacks Consensus Estimate of $1.59 billion.
Key Stats to Note: During the first-quarter 2017, the company completed merging with Plum Creek Timber Company, Inc.
Stock Price: Weyerhaeuser shares were up almost 1.20% 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!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>