Weyerhaeuser Company (NYSE:WY ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Andy Taylor - Vice President of Investor Relations Devin W. Stockfish - President and Chief Executive Officer David M.
WY's third-quarter 2024 results portray lower fee harvest volumes, a decrease in domestic sales volumes, high lumber manufacturing and raw materials costs.
The headline numbers for Weyerhaeuser (WY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
WY's third-quarter results are likely to reflect softness in construction activities, production curtailment and weak lumber and OSB pricing.
Besides Wall Street's top -and-bottom-line estimates for Weyerhaeuser (WY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Weyerhaeuser is the largest timberland REIT in North America, owning 10.5 million acres in the US and licensing 14 million acres in Canada. Despite current market softness, WY's industry-leading financial position and substantial asset portfolio support a safe 2.8% dividend yield. WY's estimated fair value is $44.43, based on 2025 funds from operations and a price-to-FFO ratio of 23.1x.
Weyerhaeuser (WY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Weyerhaeuser Company WY reported downbeat second-quarter sales, after the closing bell on Thursday.
Weyerhaeuser's (WY) second-quarter 2024 results portray a challenging lumber market.
Weyerhaeuser Company (NYSE:WY ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Andy Taylor - VP, IR Devin Stockfish - President and CEO David Wold - SVP and CFO Conference Call Participants Susan Maklari - Goldman Sachs George Staphos - Bank of America Merrill Lynch Amir Patel - CIBC Capital Markets Kurt Yinger - D.A. Davidson Mike Roxland - Truist Securities Ketan Mamtora - BMO Capital Markets Matthew McKellar - RBC Capital Markets Mark Weintraub - Seaport Research Partners Anthony Pettinari - Citi Operator Greetings, and welcome to the Weyerhaeuser Second Quarter 2024 Earnings Conference Call.
The headline numbers for Weyerhaeuser (WY) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.