Weyerhaeuser Co. Earnings: Here’s Why Shares are Up Now

Weyerhaeuser Co. (NYSE:WY) 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 1.24%.

Weyerhaeuser Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 288.89% to $0.35 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 18.46% to $2.12 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Weyerhaeuser Co. reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $2.04 billion.

Quoting Management: “This was a milestone quarter for Weyerhaeuser,” said Dan Fulton, president and chief executive officer. “We moved forward both strategically and operationally with the acquisition of Longview Timber LLC and by delivering strong operating results in this improving housing market.”

Key Stats (on next page)…

Revenue increased 8.87% from $1.95 billion in the previous quarter. EPS increased 34.62% from $0.26 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 $0.34 to a profit $0.28. For the current year, the average estimate has moved down from a profit of $1.17 to a profit of $1.15 over the last ninety days.

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

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