Weyerhaeuser Earnings: Here’s Why Investors Like These Results
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 2.33%.
Weyerhaeuser Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1200% to $0.26 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Rose 30.59% to $1.95 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Weyerhaeuser Co. reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $1.87 billion.
Quoting Management: “Our Wood Products business reported its strongest quarterly earnings since 2005, as we effectively leveraged operational improvements in a strengthening housing market,” said Dan Fulton, president and chief executive officer. “Our shareholders are benefiting from this improved performance with the decision by our Board of Directors this month to increase our quarterly dividend by 18 percent.”
Key Stats (on next page)…
Revenue decreased 2.45% from $2 billion in the previous quarter. EPS were the same at $0.26 as 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 $0.29 to a profit $0.31. For the current year, the average estimate has moved up from a profit of $1.08 to a profit of $1.16 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)