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In the last reported quarter, Weyerhaeuser’s adjusted earnings topped the Zacks Consensus Estimate by 116.7%, while net sales surpassed the same by 4%. Meanwhile, on a year-over-year basis, adjusted earnings increased, but net sales declined. The company reported adjusted earnings of 13 cents per share, up 8.3% from 12 cents in the year-ago period. Net sales of $1.87 billion decreased 0.9% from the $1.89 billion reported in the year-ago quarter.
Weyerhaeuser’s earnings beat the consensus mark in each of the past four quarters, with the average surprise being 127%.
How Are Estimates Placed for Weyerhaeuser Stock?
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) has decreased to 5 cents from 8 cents over the past 30 days. In the year-ago quarter, the company reported an EPS of 6 cents.
The consensus mark for net sales is pegged at $1.83 billion, indicating a 6.3% year-over-year rise.
Factors Influencing WY’s Q3 Results
Revenues
Weyerhaeuser’s third-quarter 2026 revenues are expected to have increased year over year, supported by anticipated growth in Wood Products sales volumes and higher lumber realizations. However, performance is likely to have varied across segments, reflecting differences in product pricing, demand and transaction timing.
Within Wood Products, which accounted for approximately 72.8% of second-quarter 2026 net sales, higher lumber production and sales volumes are expected to have supported revenues. Higher lumber realizations and planned engineered wood products (“EWP”) price adjustments might have provided additional support. However, OSB realizations are expected to have remained under pressure from supply exceeding demand. Our model predicts the Wood Products segment’s net sales to increase 11.1% year over year to $1.36 billion in the third quarter.
Timberlands, which accounted for approximately 27.7% of second-quarter 2026 net sales, is likely to have faced pressure from lower average domestic sales realizations due to product mix in the West and lower sales realizations in the North. Lower sales volumes to Japan due to vessel timing might have also weighed on revenues. Our model predicts the Timberlands segment’s net sales to decline 3% to $519.9 million.
For Strategic Land Solutions (formerly Real Estate, Energy & Natural Resources), which accounted for approximately 7.5% of second-quarter 2026 net sales, revenue performance is likely to have depended on the timing and mix of real estate transactions and activity across its businesses. Our model predicts the segment’s net sales to be $100.6 million, down 2.3% year over year.
Earnings
Weyerhaeuser’s third-quarter 2026 earnings are expected to have declined year over year, as higher fuel and manufacturing costs in Wood Products are likely to have offset some benefits from improved sales volumes and pricing. The company expects Timberlands earnings and adjusted EBITDA to be slightly higher than second-quarter levels, while Strategic Land Solutions earnings and adjusted EBITDA are expected to decline approximately $30 million and $45 million, respectively, due primarily to the timing and mix of real estate sales.
Our model predicts Timberlands’ adjusted EBITDA to decline 13.3% from a year ago to $128.3 million. For Strategic Land Solutions, adjusted EBITDA is expected to decline 11.4% from a year ago to $80.6 million.
Within Wood Products, the company expects third-quarter earnings and adjusted EBITDA to be moderately lower sequentially by approximately $30 million, excluding changes in average sales realizations for lumber and oriented strand board (“OSB”). Higher-than-expected fuel costs and an unfavorable mix shift in EWP are the primary reasons for the revised outlook.
Our model predicts Wood Products adjusted EBITDA to grow year over year to $102.5 million in the third quarter. Higher fuel costs, planned OSB maintenance and increased resin costs are expected to have pressured margins, while slightly lower lumber unit manufacturing costs might have partly offset these pressures.
What Our Model Unveils for WY Stock
Our proven model does not predict an earnings beat for Weyerhaeuser this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
Earnings ESP: WY has an Earnings ESP of -34.78%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Here are some stocks from the Zacks Construction sector, which, per our model, have the right combination of elements to deliver an earnings beat this time around.
With the average surprise being 44.2%, Argan’s earnings beat estimates in each of the past four quarters. Argan’s is expected to register a 53.9% increase in earnings for the to-be-reported quarter.
Sterling Infrastructure, Inc. (STRL - Free Report) currently has an Earnings ESP of +0.80% and a Zacks Rank of 2.
With the average surprise being 27.2%, Sterling’s earnings beat estimates in each of the last four quarters. Sterling is expected to register a 74.4% increase in earnings for the to-be-reported quarter.
Quanta Services (PWR - Free Report) has an Earnings ESP of +2.66% and a Zacks Rank of 3.
With the average surprise being 17%, Quanta Services’ earnings beat estimates in each of the last four quarters. Quanta Services is expected to register a 50.5% increase in earnings for the to-be-reported quarter.
View the Zacks #1 Rank List
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Weyerhaeuser to Report Q3 Earnings: Here's What Investors Must Know
Key Takeaways
Weyerhaeuser Company (WY - Free Report) is slated to report third-quarter 2026 results on Oct. 29, after the closing bell.
In the last reported quarter, Weyerhaeuser’s adjusted earnings topped the Zacks Consensus Estimate by 116.7%, while net sales surpassed the same by 4%. Meanwhile, on a year-over-year basis, adjusted earnings increased, but net sales declined. The company reported adjusted earnings of 13 cents per share, up 8.3% from 12 cents in the year-ago period. Net sales of $1.87 billion decreased 0.9% from the $1.89 billion reported in the year-ago quarter.
Weyerhaeuser’s earnings beat the consensus mark in each of the past four quarters, with the average surprise being 127%.
How Are Estimates Placed for Weyerhaeuser Stock?
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) has decreased to 5 cents from 8 cents over the past 30 days. In the year-ago quarter, the company reported an EPS of 6 cents.
Weyerhaeuser Company Price and EPS Surprise
Weyerhaeuser Company price-eps-surprise | Weyerhaeuser Company Quote
The consensus mark for net sales is pegged at $1.83 billion, indicating a 6.3% year-over-year rise.
Factors Influencing WY’s Q3 Results
Revenues
Weyerhaeuser’s third-quarter 2026 revenues are expected to have increased year over year, supported by anticipated growth in Wood Products sales volumes and higher lumber realizations. However, performance is likely to have varied across segments, reflecting differences in product pricing, demand and transaction timing.
Within Wood Products, which accounted for approximately 72.8% of second-quarter 2026 net sales, higher lumber production and sales volumes are expected to have supported revenues. Higher lumber realizations and planned engineered wood products (“EWP”) price adjustments might have provided additional support. However, OSB realizations are expected to have remained under pressure from supply exceeding demand. Our model predicts the Wood Products segment’s net sales to increase 11.1% year over year to $1.36 billion in the third quarter.
Timberlands, which accounted for approximately 27.7% of second-quarter 2026 net sales, is likely to have faced pressure from lower average domestic sales realizations due to product mix in the West and lower sales realizations in the North. Lower sales volumes to Japan due to vessel timing might have also weighed on revenues. Our model predicts the Timberlands segment’s net sales to decline 3% to $519.9 million.
For Strategic Land Solutions (formerly Real Estate, Energy & Natural Resources), which accounted for approximately 7.5% of second-quarter 2026 net sales, revenue performance is likely to have depended on the timing and mix of real estate transactions and activity across its businesses. Our model predicts the segment’s net sales to be $100.6 million, down 2.3% year over year.
Earnings
Weyerhaeuser’s third-quarter 2026 earnings are expected to have declined year over year, as higher fuel and manufacturing costs in Wood Products are likely to have offset some benefits from improved sales volumes and pricing. The company expects Timberlands earnings and adjusted EBITDA to be slightly higher than second-quarter levels, while Strategic Land Solutions earnings and adjusted EBITDA are expected to decline approximately $30 million and $45 million, respectively, due primarily to the timing and mix of real estate sales.
Our model predicts Timberlands’ adjusted EBITDA to decline 13.3% from a year ago to $128.3 million. For Strategic Land Solutions, adjusted EBITDA is expected to decline 11.4% from a year ago to $80.6 million.
Within Wood Products, the company expects third-quarter earnings and adjusted EBITDA to be moderately lower sequentially by approximately $30 million, excluding changes in average sales realizations for lumber and oriented strand board (“OSB”). Higher-than-expected fuel costs and an unfavorable mix shift in EWP are the primary reasons for the revised outlook.
Our model predicts Wood Products adjusted EBITDA to grow year over year to $102.5 million in the third quarter. Higher fuel costs, planned OSB maintenance and increased resin costs are expected to have pressured margins, while slightly lower lumber unit manufacturing costs might have partly offset these pressures.
What Our Model Unveils for WY Stock
Our proven model does not predict an earnings beat for Weyerhaeuser this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
Earnings ESP: WY has an Earnings ESP of -34.78%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Here are some stocks from the Zacks Construction sector, which, per our model, have the right combination of elements to deliver an earnings beat this time around.
Argan, Inc. (AGX - Free Report) has an Earnings ESP of +4.79% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
With the average surprise being 44.2%, Argan’s earnings beat estimates in each of the past four quarters. Argan’s is expected to register a 53.9% increase in earnings for the to-be-reported quarter.
Sterling Infrastructure, Inc. (STRL - Free Report) currently has an Earnings ESP of +0.80% and a Zacks Rank of 2.
With the average surprise being 27.2%, Sterling’s earnings beat estimates in each of the last four quarters. Sterling is expected to register a 74.4% increase in earnings for the to-be-reported quarter.
Quanta Services (PWR - Free Report) has an Earnings ESP of +2.66% and a Zacks Rank of 3.
With the average surprise being 17%, Quanta Services’ earnings beat estimates in each of the last four quarters. Quanta Services is expected to register a 50.5% increase in earnings for the to-be-reported quarter.