Weyerhaeuser Company (WY – Analyst Report) is one of the leading U.S. forest product companies, offering logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings to a diversified client base in the U.S., Canada, Japan, Europe and other regions. This Washington-based company has $22.7 billion market capitalization.

However, Weyerhaeuser’s businesses are directly influenced by the U.S. housing market. Also, availability of credits for home buying as well as buyer’s affordability to match pace with the rising prices remains a matter of concern. Investors are eagerly waiting for the company’s latest earnings report.

Weyerhaeuser reported better-than-expected results in three out of four trailing quarter, while recording below expected results in one. Average earnings surprise stands at a positive 8.66%.

WEYERHAEUSER CO Price and EPS Surprise

WEYERHAEUSER CO Price and EPS Surprise | WEYERHAEUSER CO Quote

Currently, Weyerhaeuser has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report.

We have highlighted some of the key stats from this just-revealed announcement below:
 
Earnings: Weyerhaeuser reported earnings, before special items, of 23 cents per share in third-quarter 2016. The bottom line result came in above the Zacks Consensus Estimate of 22 cents per share.

Revenue: Revenues lagged. Weyerhaeuser generated revenues of $1.709 billion, below the Zacks Consensus Estimate of $1.74 billion.

Key Stats to Note: During the third-quarter 2016, the company completed divesting its liquid packaging board business as well as completed $2 billion accelerated share repurchase program.

Stock Price: Weyerhaeuser shares were up almost 0.66% ahead of the report while no movement has been recorded in the pre-market trading session.