Earnings Preview For West Fraser Timber
Portfolio Pulse from Benzinga Insights
West Fraser Timber (NYSE:WFG) is scheduled to release its quarterly earnings report on February 14, 2024, with an estimated EPS of $0.30. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Currently, shares are trading at $106.24, reflecting a 6.05% decrease over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 13, 2024 | 4:01 pm
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West Fraser Timber is expected to report an EPS of $0.30 for the upcoming quarter, with investors looking for positive guidance. The stock has seen a 6.05% decline over the past year, indicating bearish sentiment.
The short-term impact on WFG's stock price will likely hinge on whether the company can beat the EPS estimate and provide positive future guidance. Given the stock's decline over the past year, positive news could help stabilize or slightly improve investor sentiment, but the bearish trend suggests a cautious outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100