Weyerhaeuser Q1 2024 Adj EPS $0.16 Beats $0.15 Estimate, Sales $1.796B Miss $1.851B Estimate
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser (WY) reported Q1 2024 adjusted EPS of $0.16, surpassing the $0.15 estimate, but its sales of $1.796B fell short of the $1.851B estimate, marking a 4.52% decrease from the previous year.
April 25, 2024 | 8:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Weyerhaeuser reported a mixed Q1 2024 with an EPS beat and a sales miss, indicating potential volatility in its stock price.
The EPS beat suggests operational efficiency or cost management that investors might view positively. However, the sales miss, especially a year-over-year decrease, could raise concerns about growth or market demand, leading to potential short-term volatility in WY's stock price. The mixed results make the short-term direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100