Weyerhaeuser Co reports results for the quarter ended March 31 - Earnings Summary

• Weyerhaeuser Co WY.N reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of twelve analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 8 cents to 12 cents per share.

• Revenue fell 1.8% to $1.76 billion from a year ago; analysts expected $1.76 billion.

• Weyerhaeuser Co's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $83 million.

• Weyerhaeuser Co shares had fallen by 13.6% this quarter and lost 10.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35% in the last three months.​

• In the last 30 days, seven 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," 3 "hold" and no "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 Co is $35.00

This summary was machine generated from LSEG data April 24 at 09:02 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)