Rayonier Earnings: Here’s Why Investors are Buying Shares Now

Rayonier Inc. (NYSE:RYN) 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 0.54%.

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Rayonier Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 88.1% to $0.79 in the quarter versus EPS of $0.42 in the year-earlier quarter.

Revenue: Rose 10.66% to $393.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rayonier Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $378.05 million.

Quoting Management: “We are pleased with our continued strong performance in 2013. In Performance Fibers, the cellulose specialties market remains strong and in Forest Resources, sales increased reflecting higher volumes and prices due to somewhat improved sawlog demand,” said Paul G. Boynton, Chairman, President and CEO.

Key Stats (on next page)…

Revenue decreased 9.35% from $434.31 million in the previous quarter. EPS increased 33.9% from $0.59 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.54 to a profit $0.53. For the current year, the average estimate has moved down from a profit of $2.2 to a profit of $2.17 over the last ninety days.

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