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Weyerhaeuser (WY) closed at $38.20 in the latest trading session, marking a -0.47% move from the prior day. This change lagged the S&P 500's daily gain of 0.93%.
Heading into today, shares of the timber and paper products company had gained 13.39% over the past month, outpacing the Construction sector's gain of 6.41% and the S&P 500's gain of 5.84% in that time.
Wall Street will be looking for positivity from WY as it approaches its next earnings report date. This is expected to be April 30, 2021. The company is expected to report EPS of $0.89, up 394.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.57 billion, up 48.44% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.17 per share and revenue of $9.07 billion. These totals would mark changes of +68.22% and +20.37%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for WY. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.16% higher within the past month. WY currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that WY has a Forward P/E ratio of 17.94 right now. This represents a premium compared to its industry's average Forward P/E of 16.48.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Weyerhaeuser Company (WY) : Free Stock Analysis Report
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