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SEATTLE , Feb. 15, 2024 /PRNewswire/ -- Devin Stockfish, president and chief executive officer of Weyerhaeuser Company (NYSE: WY), will represent the company at two upcoming investor conferences. Stockfish is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference in Orlando, Florida, on Monday, March 4, 2024, at 1:05 p.m.
Weyerhaeuser (WY) partners with Be Pro Be Proud, an initiative led by ASCC/AIA, to educate students on the available work opportunities in forestry and the forest products industry.
Weyerhaeuser's financial performance in 4Q23 was robust, generating $288 million in cash despite economic challenges. The company's focus on special dividends over consistent growth aligns with the volatile nature of the lumber industry. Signs of improvement in lumber market conditions and disciplined investments make Weyerhaeuser a promising prospect for investors, especially below $30.
Weyerhaeuser's (WY) Q4 results reflect lower fee harvest volumes in the West and a decline in domestic sales volumes.
Although the revenue and EPS for Weyerhaeuser (WY) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Weyerhaeuser (WY) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.24 per share a year ago.
Weyerhaeuser (WY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Weyerhaeuser's (WY) fourth-quarter results are likely to reflect weaker-than-expected contributions from the Wood Products segment.
Evaluate the expected performance of Weyerhaeuser (WY) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Lumber prices have made a slow recovery in the past few months as the housing sector remains strong despite high-interest rates. Data by TradingView shows that lumber has recovered from last year's low of $357.35 to $530.