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Weyerhaeuser (WY) Lags Q4 Earnings and 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 approximately $28 billion market capitalization.

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

Weyerhaeuser’s financial performance in the three of last four quarters were better-than-expected, while was below expectation in one. Average earnings surprise was a positive 7.23%.

Weyerhaeuser Company Price, Consensus and EPS Surprise
 

Weyerhaeuser Company Price, Consensus and EPS Surprise | Weyerhaeuser Company Quote

Currently, Weyerhaeuser has a Zacks Rank #3 (Hold), 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 (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Weyerhaeuser reported earnings, before special items, of 31 cents per share in fourth-quarter 2017. The bottom line result came in below the Zacks Consensus Estimate of 35 cents per share.

Revenue: Revenues lagged. Weyerhaeuser generated revenues of $1,823 million in the fourth quarter of 2017. The result was below the Zacks Consensus Estimate of $1.87 billion.

Key Stats to Note: During the fourth-quarter 2017, the company completed selling 100,000 acres of Southern Timberlands to Twin Creeks.

Stock Price: Weyerhaeuser shares were down 1.01% 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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