Weyerhaeuser (WY) Q4 Earnings In-Line, Revenues Beat
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 $13.1 billion market capitalization.
However, Weyerhaeuser's businesses are directly influenced by the U.S. housing market. 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 6.61%.
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 24 cents per share in fourth-quarter 2015. The bottom line result was in line with the Zacks Consensus Estimate.
Revenue: Revenues surpassed. Weyerhaeuser generated revenues of $1,734 million, above the Zacks Consensus Estimate of $1,717 million.
Key Stats to Note: For first-quarter 2016, the company expects sequentially comparable earnings for the Timberlands segment, while anticipates higher earnings for the Wood Products and lower earnings for the Cellulose Fibers segments.
Stock Price: Weyerhaeuser shares were up almost 1.1% ahead of the report while no movement has been recorded in the pre-market trading session.
Check back our full write up on this WY earnings report later!