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 down 1.02%.
Rayonier Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 0% to $0.54 in the quarter versus EPS of $0.54 in the year-earlier quarter.
Revenue: Rose 9.99% to $409.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rayonier Inc. reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.52. It beat the average revenue estimate of $387.72 million.
Quoting Management: “We are pleased with our continued strong performance in 2013. In Forest Resources, sales volumes and prices increased compared with the prior year due to somewhat improved sawlog demand, particularly in our Northwest and New Zealand holdings. In Performance Fibers, our key cellulose specialties markets remain strong. In addition, CAD has grown reflecting higher operating results across all segments,” said Paul Boynton, Chairman, President and CEO.
Key Stats (on next page)…
Revenue increased 3.91% from $393.72 million in the previous quarter. EPS decreased 31.65% from $0.79 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 $0.5 to a profit $0.43. For the current year, the average estimate has moved up from a profit of $2.17 to a profit of $2.21 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)