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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 $26.3 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 three and lagging in one. Average earnings surprise was a positive 5.95%.
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 (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 34 cents per share in third-quarter 2017. The bottom line result came in above the Zacks Consensus Estimate of 31 cents per share.
Revenue: Revenues marginally surpassed. Weyerhaeuser generated revenues of $1,872 million in the third quarter of 2017. The result marginally surpassed the Zacks Consensus Estimate of $1.82 billion.
Key Stats to Note: During the third-quarter 2017, the company completed the divestment of its Uruguay-based timberlands and manufacturing business.
Stock Price: Weyerhaeuser shares were up almost 0.6% 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!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Weyerhaeuser (WY) Beats Q3 Earnings and Revenue
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 $26.3 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 three and lagging in one. Average earnings surprise was a positive 5.95%.
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 (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 34 cents per share in third-quarter 2017. The bottom line result came in above the Zacks Consensus Estimate of 31 cents per share.
Revenue: Revenues marginally surpassed. Weyerhaeuser generated revenues of $1,872 million in the third quarter of 2017. The result marginally surpassed the Zacks Consensus Estimate of $1.82 billion.
Key Stats to Note: During the third-quarter 2017, the company completed the divestment of its Uruguay-based timberlands and manufacturing business.
Stock Price: Weyerhaeuser shares were up almost 0.6% 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!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>