West Fraser Timber Q2 2024 Adj EPS $1.20 Misses $1.62 Estimate, Sales $1.71B Beat $1.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
West Fraser Timber (NYSE:WFG) reported Q2 2024 adjusted EPS of $1.20, missing the analyst estimate of $1.62 by 25.93%. However, the company reported sales of $1.71 billion, beating the estimate of $1.61 billion by 5.87% and showing a 6.03% increase year-over-year.
July 24, 2024 | 9:05 pm
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NEUTRAL IMPACT
West Fraser Timber's Q2 2024 earnings per share missed analyst expectations significantly, but the company reported higher-than-expected sales, showing a year-over-year increase.
The significant miss on EPS is a negative indicator, but the beat on sales and year-over-year growth provide a positive counterbalance. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100