Rayonier Q2 EPS $0.05 Misses $0.09 Estimate, Sales $208.90M Miss $218.70M Estimate
Portfolio Pulse from totan@benzinga.com
Rayonier (NYSE:RYN) reported Q2 earnings of $0.05 per share, missing the analyst consensus estimate of $0.09 by 44.44%. This is a 68.75% decrease from the same period last year. The company also reported quarterly sales of $208.90 million, missing the analyst consensus estimate of $218.70 million by 4.48%. This is a 15.18% decrease from the same period last year.
August 04, 2023 | 12:14 pm
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Rayonier's Q2 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Rayonier's Q2 earnings and sales fell short of analyst estimates, which is typically a negative signal for the stock market. The significant decrease from the same period last year further exacerbates this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100