* Weyerhaeuser Co reported quarterly adjusted earnings of 5 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of eleven analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -2 cents to 6 cents per share.
* Revenue fell 16.9% to $1.68 billion from a year ago; analysts expected $1.68 billion.
* Weyerhaeuser Co's reported EPS for the quarter was 4 cents.
* The company reported quarterly net income of $28 million.
* Weyerhaeuser Co shares had fallen by 5.1% this quarter and lost 7.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 93.6% in the last three months.
* In the last 30 days, nine analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialized reits peer group is also "buy"
Wall Street's median 12-month price target for Weyerhaeuser Co is 38.00 This summary was machine generated from LSEG data October 27 at 03:41 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.01 0.05 Beat
Jun. 30 2024 0.21 0.21 Met
Mar. 31 2024 0.15 0.16 Beat
Dec. 31 2023 0.17 0.16 Missed
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