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Weyerhaeuser Company (WY) is one of the leading U.S. forest product companies, offering logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings to a diversified client base in the U.S., Canada, Japan, Europe and other regions. The company stands to benefit from the gradual recovery in the U.S. housing market. This Washington-based company has $15 billion market capitalization.
However, Weyerhaeuser’s businesses are directly influenced by the U.S. housing market. In third-quarter 2015, new residential construction in the U.S. fell 8.9% sequentially. Also, availability of credits for home buying as well as buyer’s affordability to match pace with the rising prices remains a matter of concern. Investors are eagerly waiting for the company’s latest earnings report.
Weyerhaeuser reported better-than-expected results in two out of four trailing quarter, while missed the estimates in the rest. Average earnings surprise stands at a positive 1.70%. Also, earnings estimate on the company has decreased over the last few days.
Currently, Weyerhaeuser has a Zacks Rank #4 (Sell), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Weyerhaeuser reported earnings from continuing operations, before special items, of 35 cents per share in third-quarter 2015. The bottom line result was above the Zacks Consensus Estimate of 26 cents per share.
Revenue: Revenues surpassed. Weyerhaeuser generated revenues of $1,820 million, slightly above the Zacks Consensus Estimate of $1,819 million.
Key Stats to Note: For fourth-quarter 2015, the company expects sequentially comparable earnings for the Timberlands segment, while anticipates earnings for the Wood Products and Cellulose Fibers segments to be lower over the previous quarter.
Stock Price: Weyerhaeuser shares were up almost 0.38% ahead of the report while declined 0.58% in the pre-market trading session.
Check back our full write up on this WY earnings report later!
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