With a market cap of $23.9 billion, Weyerhaeuser Company (WY) operates in the forest products and real estate investment trust (REIT) sector. As one of the largest private timberland owners in the world, it manages over 11 million acres in the U.S. and specializes in sustainable forestry and the production of wood-based products for global markets. The Seattle, Washington-based company is expected to announce its fiscal Q3 earnings results after the market closes on Thursday, Oct. 24.
Ahead of this event, analysts expect the timber and paper products company to report a profit of $0.05 per share, down 84.9% from the previous year's $0.33 per share. The company has surpassed Wall Street’s EPS estimates in three of the past four quarters while missing on one other occasion. The company reported an adjusted EPS of $0.21 in the most recent quarter, missing the consensus estimate by 4.6% due to low demand for its products amid a weakness in the housing market.
