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Weyerhaeuser (WY) Beats on Q2 Earnings, Lags on Revenue

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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 $25.7 billion market capitalization.

However, shortages of skilled labor as well as lack of suitable lot and mortgage availability might impact operating conditions in the industry. In addition, the company faces risks from high debt levels, unfavorable foreign currency movements and industry competition. Investors are eagerly waiting for the company’s latest earnings report.

Weyerhaeuser’s financial performance in the last four quarters was mixed, surpassing estimates in two and lagging in others. Average earnings surprise was a positive 1.28%.

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 28 cents per share in second-quarter 2017. The bottom line result came in above the Zacks Consensus Estimate of 27 cents per share.

Revenue: Revenues lagged. Weyerhaeuser generated revenues of $1.808 billion, below the Zacks Consensus Estimate of $1.82 billion.

Key Stats to Note: During the second-quarter 2017, the company signed a deal to divest its Uruguay-based timberlands and manufacturing business.

Stock Price: Weyerhaeuser shares were up almost 0.91% 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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