Weyerhaeuser (WY) To Report Q3 Earnings: What's In Store?
Zacks Investment Research | Oct 21, 2019 11:05PM ET
Weyerhaeuser Company (NYSE:WY) is slated to report third-quarter 2019 results on Oct 25, before the opening bell.
In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 60% but revenues missed the same by 2.1%. On a year-over-year basis, earnings of 16 cents per share were significantly down from the year-ago figure of 44 cents due to volatility in various markets served and weather-related challenges. Net sales of $1,692 million also decreased 18.1% from $2,065 million a year ago, thanks to lower contribution from its two major segments — Timberlands and Wood Products.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has decreased to 10 cents from 12 cents per share over the past 30 days. The estimated figure indicates a 64.3% decrease from the year-ago reported figure of 28 cents per share. Net sales are expected to be $1.67 billion, suggesting a 12.8% year-over-year decline.
Weyerhaeuser Company Price and EPS Surprise
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