Weyerhaeuser Company (WY) is one of the leading U.S. forest product companies, offering logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings to a diversified client base in the U.S., Canada, Japan, Europe and other regions. The company stands to benefit from the gradual recovery in the U.S. housing market. This Washington-based company has $18.6 billion market capitalization.
However, Weyerhaeuser faces stiff competition from North American and global producers with greater financial resources and lower production costs. In addition, the company’s geographical diversity exposes it to geopolitical as well as foreign currency translation risks. Investors are eagerly waiting for the company’s latest earnings report.
Weyerhaeuser’s earnings track record has been quite satisfactory in the trailing four quarters. Better-than-expected results in all four quarters led to an average earnings surprise of +10.17%.
Currently, Weyerhaeuser has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Weyerhaeuser reported earnings of 27 cents per share in fourth-quarter 2014. The bottom line result came below the Zacks Consensus Estimate of 28 cents per share.
Revenue: Revenues missed. Weyerhaeuser generated revenues of $1,788 million, below the Zacks Consensus Estimate of $1,809 million.
Key Stats to Note: The company’s cash overdraft balance declined 41.5% year over year while cash and cash equivalents balance fell 2.5% to $1,580 million. For first-quarter 2015, the company expects sequentially higher earnings for the Timberlands and Wood Products segments while sequentially lower earnings for the Cellulose Fibers segment.
Stock Price: Weyerhaeuser shares were down almost 0.45% ahead of the report while no movement has been recorded in the pre-market trading session.
Check back our full write up on this WY earnings report later!
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