Plum Creek Timber Earnings: Here’s Why the Stock is Rising Now

Plum Creek Timber Co. Inc. (NYSE:PCL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.22%.

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Plum Creek Timber Co. Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 94.44% to $0.35 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 0.89% to $340 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Plum Creek Timber Co. Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.32. It beat the average revenue estimate of $335.33 million.

Quoting Management: “The financial performance of each of our business segments improved compared to the first quarter of 2012. We’re on-track to grow our non-real estate adjusted EBITDA by $50 million this year. Our first quarter growth in this area was $12 million,” said Rick Holley, chief executive officer.

Key Stats (on next page)…

Revenue decreased 3.95% from $354 million in the previous quarter. EPS decreased 28.57% from $0.49 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.33 to a profit $0.34. For the current year, the average estimate is a profit of $1.4, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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