Weyerhaeuser Co. Earnings: These Results were Not Good Enough

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 down 3.95%.

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Weyerhaeuser Co. Earnings Cheat Sheet

Results: Net income increased 120% to $143 million (26 cents per diluted share) in the quarter versus a net gain of $65 million in the year-earlier quarter.

Revenue: Rose 23.84% to $2 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Weyerhaeuser Co. reported adjusted net income of 26 cents per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $1.82 billion…

Quoting Management: Dan Fulton, president and chief executive officer said, “In 2012, we began to realize the results of our work to position the company to capture the benefits of an improving housing market. As a result, our bottom line improved significantly, the Board increased the dividend, and our total shareholder return exceeded 50 percent, one of the best in our industry.”

Key Stats:

Revenue increased 12.87% from $1.77 billion in the previous quarter. Net income increased 22.22% from $117 million 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 $0.12 to a profit $0.24. For the current year, the average estimate has moved up from a profit of $0.46 to a profit of $0.54 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)