Rayonier Q4 Adj EPS $0.17 Beats $0.15 Estimate, Sales $467.40M Beat $229.75M Estimate
Portfolio Pulse from bharat@benzinga.com
Rayonier (NYSE:RYN) reported Q4 adjusted EPS of $0.17, surpassing the $0.15 estimate, and sales of $467.40M, exceeding the $229.75M estimate. This represents a 54.55% increase in earnings and a 90.46% increase in sales compared to the same period last year.
January 31, 2024 | 9:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rayonier reported strong Q4 results with earnings and sales significantly exceeding analyst estimates and showing substantial growth from the previous year.
Rayonier's reported earnings and sales for Q4 were significantly higher than analyst estimates and showed robust year-over-year growth. This positive earnings report is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100