Weyerhaeuser Company (NYSE:WY) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, WY is expected to report 3Q20 income of $ 0.47 per share from revenue of $ 2065.07 million.
For the full year, analysts anticipate top line of $ 7147.18 million, while looking forward to income of $ 1.07 per share bottom line.
Previous Quarter Performance
Weyerhaeuser Company outlined income for the second quarter of $ 0.11 per share, from the revenue of $ 1,631.00 million. The quarterly earnings contracted 31.25 percent while revenues reduced 3.61 percent compared with the same quarter last year. According to street consensus, revenue of $ 1422.38 million was expected for the second quarter The top line results outshined analysts by $ 208.62 million or 14.67 percent.
Stock Performance
Shares of Weyerhaeuser Company traded up $ 0.98 or 3.57 percent on Thursday, reaching $ 28.41 with volume of 4.12 million shares. Weyerhaeuser Company has traded high as $ 28.63 and has cracked $ 27.16 on the downward trend
According to the previous trading day, closing price of $ 28.41, representing a 109.39 % increase from the 52 week low of $ 13.10 and a 13.14 % decrease over the 52 week high of $ 31.58.
The company has a market capital of $ 21.20 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 11th September 2020, maintained by Bank of America at Neutral rating, with $ 31.00 target price.
Conference Call
Weyerhaeuser Company will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.weyerhaeuser.com
Weyerhaeuser Company, one of the worlds largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
