BUZZ-PREVIEW: Weyerhaeuser seen reporting Q2 EPS and revenue declines

Reuters
07/25
BUZZ-PREVIEW: Weyerhaeuser seen reporting <a href="https://laohu8.com/S/QTWO">Q2</a> EPS and revenue declines

** Weyerhaeuser WY.N shares down 1.1% on Thursday with Q2 financial results due after market close with investor call to take place on Friday

** Wall Street sees the timber REIT reporting adj EPS of $0.11 vs $0.21 in Q2 2024 on rev of $1.84 bln vs $1.94 bln in year-ago quarter, according to LSEG

** In last 8 quarters WY met or beat the Street on EPS 6 times while rev came in slightly ahead only two times

** In April WY, which sells lumber and other products while owning U.S. timberlands and managing U.S. and Canadian timberlands, announced a Q1 profit that beat expectations on robust domestic demand

** In June Citigroup had cut its PT for lumber companies, including WY, to reflect a more conservative outlook on lumber and log prices

** WY last traded at $25.67 vs median PT of $34, which is down from $34.50 a month ago, as per LSEG, which shows 13 analyst ratings: 2 'strong buy,' 8 'buy' and 3 'hold'

** YTD the shares are down 8.8%, having recovered only modestly from weakness that began in early April, after Trump's wide-ranging tariff announcements

** In comparison, the PHLX housing index .HGX is down 0.7% YTD while the S&P 500 real estate index .SPLRCR is up 5% YTD

(Reporting by Sinead Carew)

((sinead.carew@thomsonreuters.com))

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