Weyerhaeuser Analysts Cut Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Weyerhaeuser Company (NYSE:WY) reported Q2 earnings of 21 cents per share, meeting analyst estimates, but missed sales estimates with $1.94 billion. Despite this, shares rose 4.3% to $31.60. Analysts from Truist Securities and DA Davidson lowered their price targets to $31 and $36, respectively.
July 29, 2024 | 12:50 pm
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Weyerhaeuser reported Q2 earnings of 21 cents per share, meeting expectations, but missed sales estimates with $1.94 billion. Despite this, shares rose 4.3%. Analysts from Truist Securities and DA Davidson lowered their price targets to $31 and $36, respectively.
Weyerhaeuser's Q2 earnings met expectations but missed sales estimates. Despite the miss, shares rose, indicating investor confidence. However, analysts lowered their price targets, reflecting cautious optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100