Rayonier (NYSE:RYN) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:12 PM.

Here's what investors need to know about the announcement.

Earnings

Rayonier beat estimated earnings by 6.67%, reporting an EPS of $0.16 versus an estimate of $0.15.

Revenue was down $45.10 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 6.71% drop in the share price the next day.

Here's a look at Rayonier's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Rayonier management provided guidance for FY 2022, expecting earnings between $0.57 and $0.63 per share.

To track all earnings releases for Rayonier visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.