WY Stock Recent News

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.

Weyerhaeuser (WY) is poised to benefit from housing improvement, operational excellence and more capital inflows for carbon/ESG-related projects.

Lumber prices are influenced by interest rates, which impact mortgage rates and new home construction. Weyerhaeuser Company is a real estate investment trust that benefits from stable to rising lumber demand. The new physical lumber futures contract aims to increase liquidity and reduce price volatility, but it has not achieved critical mass yet.

Webcast and conference call on January 26 at 7 a.m. PT (10 a.m.

Weyerhaeuser (WY) is set to have more than 870,000 acres of timberlands in North and South Carolina and approximately 1,190,000 in Mississippi.