Potlatch (PCH) Beats Q3 Earnings and Revenue Estimates

Financial Performance - Potlatch (PCH) reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of a loss of $0.04 per share, representing an earnings surprise of 200% [1] - The company posted revenues of $255.13 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.58%, but down from $265.51 million year-over-year [2] - Over the last four quarters, Potlatch has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Potlatch shares have declined approximately 14% since the beginning of the year, contrasting with the S&P 500's gain of 21.8% [3] - The current Zacks Rank for Potlatch is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $234.8 million, and $0.02 on revenues of $1.02 billion for the current fiscal year [7] - The estimate revisions trend for Potlatch is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Industry Context - The Building Products - Wood industry, to which Potlatch belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Potlatch's stock performance [5]