Rayonier Q2 2024 Adj. EPS $0.02 Misses $0.14 Estimate, Sales $173.600M Miss $218.289M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rayonier (NYSE:RYN) reported Q2 2024 adjusted EPS of $0.02, missing the analyst estimate of $0.14 by 85.71%. Sales were $173.6M, missing the $218.289M estimate by 20.47% and down 16.90% from the same period last year.

August 07, 2024 | 8:16 pm
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NEGATIVE IMPACT
Rayonier's Q2 2024 earnings and sales significantly missed analyst estimates, with EPS missing by 85.71% and sales missing by 20.47%. Sales also decreased by 16.90% compared to the same period last year.
The significant miss in both EPS and sales compared to analyst estimates, along with a year-over-year decline in sales, is likely to negatively impact Rayonier's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100