Weyerhaeuser's Q2 results expected to show declining earnings and net sales. Estimate for Q2 EPS decreased 31.3% from the previous year. Weak wood products pricing and mortgage rates hampered construction demand. Model predicts adjusted EBITDA declines in key product segments. No earnings beat expected as current predictions show Earnings ESP of -3.67%.
- WY shares rose 2.7% after mixed Q1 results due to lower fee harvest volumes. - Optimistic about carbon capture agreement, housing demand, and strategic initiatives for growth. - Adjusted earnings beat estimates, but net sales missed. EBITDA declined from the previous period. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Quarterly revenue declined 4.5% year-over-year to $1.8 billion, with an EPS of $0.16. - Revenue missed Zacks Consensus Estimate by -2.27%, while EPS beat by +6.67%. - Key metrics like net sales and EBITDA were reported for different segments. - Weyerhaeuser stock returned -12.2% over the past month. - Stock has a Zacks Rank #3 (Hold), expected to perform in-line with market. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- WY to report Q1 2024 results on Apr 25 after bell. - Quarterly adjusted earnings and net sales decreased in Q1. - Expectations for steady demand but challenges due to higher costs. - Zacks model does not predict an earnings beat for WY this time around. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings