Weyerhaeuser CompanyWY
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat estimates, with segments exceeding forecasts.
Impact on stocks 1
Real Estate
Weyerhaeuser CompanyWeyerhaeuser Q2 revenue beats estimates at $1.87 billion
Earnings
Weyerhaeuser reported second-quarter revenue of $1.87 billion, surpassing the Zacks Consensus Estimate of $1.79 billion by 4.03 percent. Earnings per share came in at $0.13, more than double the consensus estimate of $0.06 and up from $0.12 a year earlier. Net sales in the Wood Products segment reached $1.36 billion, exceeding the $1.32 billion analyst forecast, while Timberlands segment third-party net sales from recreational and other lease revenue hit $20 million, slightly above the $19.88 million estimate. Structural lumber third-party net sales were $591 million, beating the $564.44 million consensus, and engineered solid section net sales of $181 million topped the $163.09 million estimate. The stock has gained 3.8 percent over the past month, compared with a 1.5 percent decline for the Zacks S&P 500 composite.
Weyerhaeuser CompanyQ2 revenue and EPS beat estimates, with segments exceeding forecasts.