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Weyerhaeuser: Q4 Earnings Insights

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Shares of Weyerhaeuser (NYSE:WY) moved higher by 1.3% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 1500.00% year over year to $0.48, which beat the estimate of $0.46.

Revenue of $2,063,000,000 up by 33.27% year over year, which beat the estimate of $1,920,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jan 29, 2021

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/165/39770

Recent Stock Performance

Company's 52-week high was at $34.70

52-week low: $13.10

Price action over last quarter: Up 18.88%

Company Overview

Weyerhaeuser ranks among the world's largest forest product companies. Following the 2016 sale of its pulp business to International Paper, Weyerhaeuser operates three business segments: timberlands, wood products, and real estate. Weyerhaeuser is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities. Earnings from its wood products segment are subject to federal income tax. Weyerhaeuser acquired fellow timber REIT Plum Creek in 2016.

 

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Posted-In: BZI-RecapsEarnings News

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