Weyerhaeuser Company reports results for the quarter ended September 30 - Earnings Summary

• Weyerhaeuser Company WY.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of eleven analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 9 cents per share.

• Revenue rose 8.4% to $1.86 billion from a year ago; analysts expected $1.90 billion.

• Weyerhaeuser Company's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $61 million.

• Weyerhaeuser Company shares had risen by 0.7% this quarter and lost 19.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 45.7% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Weyerhaeuser Company is $26.00, about 24% above its last closing price of $19.75

This summary was machine generated from LSEG data October 29 at 10:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)