What's In The Cards For Rayonier (RYN) In Q4 Earnings?
Zacks Investment Research | Feb 05, 2018 04:51AM ET
Rayonier Inc. (NYSE:RYN) , a timberland real estate investment trust (REIT), is scheduled to report fourth-quarter and 2017 results on Feb 7, after the market closes. The company’s pro forma net income per share is expected to grow year over year while revenues for the quarter are likely to decline.
In third-quarter 2017, Rayonier’s pro forma net income per share came in at 19 cents, comfortably beating the Zacks Consensus Estimate of 5 cents. Results highlighted encouraging performance of Pacific Northwest and New Zealand Timber segments on account of higher harvest volumes and an increase in saw timber prices. However, performance in the Real Estate segment was disappointing primarily due to a decline in the number of acres sold.
Over the trailing four quarters, Rayonier beat estimates on three occasions, delivering an average positive earnings surprise of 96.01%. The graph below depicts this surprise history:
Rayonier Inc. Price and EPS Surprise
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