Weyerhaeuser Q4 2023 Adj EPS $0.16 Misses $0.17 Estimate, Sales $1.77B Miss $1.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser (NYSE:WY) reported Q4 2023 earnings of $0.16 per share, missing the consensus estimate of $0.17. Sales were $1.77B, also below the expected $1.86B, marking a 2.69% decrease from the same period last year.
January 25, 2024 | 9:34 pm
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NEGATIVE IMPACT
Weyerhaeuser reported lower-than-expected Q4 2023 earnings and sales, missing estimates and showing a year-over-year decline.
Missing both earnings and sales estimates typically leads to negative investor sentiment and can result in a short-term decline in stock price. The year-over-year sales decrease further reinforces the potential negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100