West Fraser Timber Q2 EPS $(1.57) Misses $0.07 Estimate, Sales $1.61B Miss $1.62B Estimate
Portfolio Pulse from Bill Haddad
West Fraser Timber (NYSE:WFG) reported Q2 losses of $(1.57) per share, missing the analyst consensus estimate of $0.07 by 2342.86 percent. This is a 120.69 percent decrease over earnings of $7.59 per share from the same period last year. The company also reported quarterly sales of $1.61 billion, missing the analyst consensus estimate of $1.62 billion by 0.74 percent, a 44.30 percent decrease over sales of $2.89 billion the same period last year.
July 26, 2023 | 9:07 pm
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West Fraser Timber's Q2 earnings and sales missed estimates significantly, indicating a potential negative impact on its stock price.
West Fraser Timber reported a significant miss on both earnings per share and sales for Q2. This underperformance compared to analyst estimates and the significant decrease from the same period last year could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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