Weyerhaeuser (WY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.22 per share when it actually produced earnings of $0.21, delivering a surprise of -4.55%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $1.68 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.98%. This compares to year-ago revenues of $2.02 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Weyerhaeuser shares have lost about 8.4% since the beginning of the year versus the S&P 500's gain of 21.5%.

Source: nasdaq.com