RYN - Rayonier Q1 Earnings Top Estimates | Benzinga
Rayonier (NYSE: RYN) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this forest products company would post earnings of $0.17 per share when it actually produced earnings of $0.17, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Rayonier, which belongs to the Zacks Building Products - Wood industry, posted revenues of $168.1 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 13.94%. This compares to year-ago revenues of $179.1 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Rayonier shares have lost about ...