U.S. Markets close in 18 mins

Weyerhaeuser (WY) Tops Q1 Earnings and Revenue

Zacks Equity Research
1 / 2

Tilly's (TLYS) Stock Sinks As Market Gains: What You Should Know

Tilly's (TLYS) closed the most recent trading day at $16.18, moving -0.98% from the previous trading session.

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. This Washington-based company has approximately $27.7 billion market capitalization.

However, the company faces risks from high debt levels, unfavorable foreign currency movements, industry competition, shortages of skilled labor and lack of suitable lot and mortgage availability. Investors are eagerly waiting for the company’s latest earnings report.

Weyerhaeuser’s financial performance in the three of last four quarters were better-than-expected, while was below expectation in one. Average earnings surprise was a positive 6.04%.

Weyerhaeuser Company Price and EPS Surprise

Weyerhaeuser Company Price and EPS Surprise | Weyerhaeuser Company Quote

Currently, Weyerhaeuser has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Weyerhaeuser reported earnings, before special items, of 36 cents per share in first-quarter 2018. The bottom line result came in above the Zacks Consensus Estimate of 33 cents per share.

Revenue: Revenues surpassed. Weyerhaeuser generated revenues of $1,865 million in the first quarter of 2018. The result was above the Zacks Consensus Estimate of $1.79 billion.

Key Stats to Note: The company anticipates sequentially higher earnings for its Wood Products and Timberlands segments in the second quarter 2018, while predicts comparable earnings for the Real Estate, Energy & Natural Resources segment.

Stock Price: Weyerhaeuser shares were up 1.30% ahead of the report.

Check back our full write up on this WY earnings report later!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Weyerhaeuser Company (WY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research