Weyerhaeuser (WY) Surpasses Q4 Earnings Estimates

Company Performance - Weyerhaeuser reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.24 per share a year ago, representing an earnings surprise of 14.29% [1] - The company posted revenues of $1.77 billion for the quarter ended December 2023, missing the Zacks Consensus Estimate by 4%, and down from $1.82 billion year-over-year [1] - Over the last four quarters, Weyerhaeuser has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [1] Future Outlook - The sustainability of Weyerhaeuser's stock price movement will depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - Current consensus EPS estimate for the coming quarter is $0.25 on revenues of $1.92 billion, and for the current fiscal year, it is $1.14 on revenues of $8.06 billion [4] - The estimate revisions trend for Weyerhaeuser is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Building Products - Wood industry, to which Weyerhaeuser belongs, is currently in the top 38% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Boise Cascade, another company in the same industry, is expected to report quarterly earnings of $2.45 per share, reflecting a year-over-year decline of 17%, with revenues anticipated to be $1.59 billion, down 2.6% from the previous year [5]