Seattle-based Weyerhaeuser Company (WY) is one of the world's largest owners of timberlands. With a market cap of $21.1 billion, the company has control over approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada. It is expected to announce its Q2 earnings after the market closes on Thursday, July 25.
Ahead of the event, analysts expect Weyerhaeuser to report a profit of $0.28 per share, down 12.5% from $0.32 per share reported in the year-ago quarter. The company surpassed or met Wall Street’s EPS projections in each of the past four quarters. Its EPS for the last reported quarter declined by 23.8% annually to $0.16 but exceeded the consensus estimates by 6.7%.
