CORRECTION: Weyerhaeuser Q2 Adj EPS $0.32 Beats $0.21 Estimate, Sales $1.997B Miss $2.00B Estimate
Portfolio Pulse from Happy Mohamed
Weyerhaeuser (NYSE:WY) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.21 by 52.38%. However, this is a 69.81% decrease from the same period last year. The company's quarterly sales of $2.00 billion met the analyst consensus estimate, but this is a 32.83% decrease from last year.
July 27, 2023 | 9:57 pm
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NEGATIVE IMPACT
Weyerhaeuser's Q2 earnings beat estimates but are significantly down YoY. Sales met estimates but also decreased YoY.
While Weyerhaeuser beat Q2 earnings estimates, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100