For the quarter ended September 2023, Weyerhaeuser (WY - Free Report) reported revenue of $2.02 billion, down 11.2% over the same period last year. EPS came in at $0.33, compared to $0.42 in the year-ago quarter.
The reported revenue represents a surprise of -4.42% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $0.33, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Weyerhaeuser performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Timberlands: $521 million compared to the $469.44 million average estimate based on two analysts. The reported number represents a change of -9.2% year over year.
- Revenue- Wood Products: $1.54 billion compared to the $1.56 billion average estimate based on two analysts. The reported number represents a change of -13% year over year.
- Wood Products Segment- Structural lumber: $570 million versus the two-analyst average estimate of $532.69 million.
- Wood Products Segment- Oriented Strand Board (square feet 3/8'): $284 million versus $256.71 million estimated by two analysts on average.
- Revenue- Real Estate & ENR: $105 million compared to the $96.82 million average estimate based on two analysts.
- Adjusted EBITDA- Timberlands: $143 million compared to the $140.86 million average estimate based on two analysts.
- Adjusted EBITDA- Wood Products: $328 million versus $307.91 million estimated by two analysts on average.
- Adjusted EBITDA- Unallocated Items: -$56 million versus the two-analyst average estimate of -$37.05 million.
- Total Wood Products- OI- GAAP: $277 million versus $251.98 million estimated by two analysts on average.
- Total Timberlands- OI- GAAP: $78 million versus $76.11 million estimated by two analysts on average.
- Total Real Estate & ENR- OI- GAAP: $56 million versus the two-analyst average estimate of $54.37 million.
- Adjusted EBITDA- Real Estate & ENR: $94 million versus the two-analyst average estimate of $89.39 million.
View all Key Company Metrics for Weyerhaeuser here>>>Shares of Weyerhaeuser have returned -7.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, Weyerhaeuser (WY - Free Report) reported revenue of $2.02 billion, down 11.2% over the same period last year. EPS came in at $0.33, compared to $0.42 in the year-ago quarter.
The reported revenue represents a surprise of -4.42% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $0.33, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Weyerhaeuser performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Timberlands: $521 million compared to the $469.44 million average estimate based on two analysts. The reported number represents a change of -9.2% year over year.
- Revenue- Wood Products: $1.54 billion compared to the $1.56 billion average estimate based on two analysts. The reported number represents a change of -13% year over year.
- Wood Products Segment- Structural lumber: $570 million versus the two-analyst average estimate of $532.69 million.
- Wood Products Segment- Oriented Strand Board (square feet 3/8'): $284 million versus $256.71 million estimated by two analysts on average.
- Revenue- Real Estate & ENR: $105 million compared to the $96.82 million average estimate based on two analysts.
- Adjusted EBITDA- Timberlands: $143 million compared to the $140.86 million average estimate based on two analysts.
- Adjusted EBITDA- Wood Products: $328 million versus $307.91 million estimated by two analysts on average.
- Adjusted EBITDA- Unallocated Items: -$56 million versus the two-analyst average estimate of -$37.05 million.
- Total Wood Products- OI- GAAP: $277 million versus $251.98 million estimated by two analysts on average.
- Total Timberlands- OI- GAAP: $78 million versus $76.11 million estimated by two analysts on average.
- Total Real Estate & ENR- OI- GAAP: $56 million versus the two-analyst average estimate of $54.37 million.
- Adjusted EBITDA- Real Estate & ENR: $94 million versus the two-analyst average estimate of $89.39 million.
View all Key Company Metrics for Weyerhaeuser here>>>Shares of Weyerhaeuser have returned -7.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Get the latest research report on WY - FREE