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Here's What Key Metrics Tell Us About Rayonier (RYN) Q2 Earnings
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Rayonier (RYN - Free Report) reported $173.6 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 16.9%. EPS of $0.02 for the same period compares to $0.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $224.86 million, representing a surprise of -22.80%. The company delivered an EPS surprise of -85.71%, with the consensus EPS estimate being $0.14.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Rayonier performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Harvest Volume - Southern Timber
: 1,670 KTons compared to the 1,904.22 KTons average estimate based on two analysts.
Total Harvest Volume - Pacific Northwest Timber
: 293 KTons versus 340.28 KTons estimated by two analysts on average.
Sales- Real Estate
: $31 million versus $45.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.
Sales- Southern Timber
: $59.30 million compared to the $68.15 million average estimate based on two analysts. The reported number represents a change of -13.2% year over year.
Sales- Trading
: $5.30 million versus the two-analyst average estimate of $13.22 million. The reported number represents a year-over-year change of -65.6%.
Sales- New Zealand Timber
: $53.80 million versus $61.82 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.7% change.
Sales- Pacific Northwest Timber
: $24.30 million compared to the $27.44 million average estimate based on two analysts. The reported number represents a change of -24.8% year over year.
Operating Income (Loss)- Southern Timber
: $17.10 million versus the two-analyst average estimate of $19.51 million.
Operating Income (Loss)- Pacific Northwest Timber
: -$1.50 million versus the two-analyst average estimate of -$3.70 million.
Operating Income (Loss)- Corporate and Other
: -$12 million versus the two-analyst average estimate of -$7.21 million.
Operating income (loss)- Real estate
: $5.80 million versus $13.18 million estimated by two analysts on average.
Operating Income (Loss)- New Zealand Timber
: $2.90 million versus $9.82 million estimated by two analysts on average.
Shares of Rayonier have returned +11.7% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Rayonier (RYN) Q2 Earnings
Rayonier (RYN - Free Report) reported $173.6 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 16.9%. EPS of $0.02 for the same period compares to $0.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $224.86 million, representing a surprise of -22.80%. The company delivered an EPS surprise of -85.71%, with the consensus EPS estimate being $0.14.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Rayonier performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Rayonier here>>>Total Harvest Volume - Southern Timber
: 1,670 KTons compared to the 1,904.22 KTons average estimate based on two analysts.Total Harvest Volume - Pacific Northwest Timber
: 293 KTons versus 340.28 KTons estimated by two analysts on average.Sales- Real Estate
: $31 million versus $45.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.Sales- Southern Timber
: $59.30 million compared to the $68.15 million average estimate based on two analysts. The reported number represents a change of -13.2% year over year.Sales- Trading
: $5.30 million versus the two-analyst average estimate of $13.22 million. The reported number represents a year-over-year change of -65.6%.Sales- New Zealand Timber
: $53.80 million versus $61.82 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.7% change.Sales- Pacific Northwest Timber
: $24.30 million compared to the $27.44 million average estimate based on two analysts. The reported number represents a change of -24.8% year over year.Operating Income (Loss)- Southern Timber
: $17.10 million versus the two-analyst average estimate of $19.51 million.Operating Income (Loss)- Pacific Northwest Timber
: -$1.50 million versus the two-analyst average estimate of -$3.70 million.Operating Income (Loss)- Corporate and Other
: -$12 million versus the two-analyst average estimate of -$7.21 million.Operating income (loss)- Real estate
: $5.80 million versus $13.18 million estimated by two analysts on average.Operating Income (Loss)- New Zealand Timber
: $2.90 million versus $9.82 million estimated by two analysts on average.Shares of Rayonier have returned +11.7% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.