Weyerhaeuser Company ($WY) Stock Forecast: Down 5.1% Today

What is Weyerhaeuser Company?

Weyerhaeuser (WY) is a real estate investment trust (REIT) focused on timberland management, growing and harvesting trees, and producing wood products. The company operates in the United States, Canada, and Uruguay. The stock WY had a strong bearish movement today.

Why is Weyerhaeuser Company going down?

WY stock is down 5.1% on Oct 29, 2024 15:27

• Weyerhaeuser's Q3 earnings beat estimates but revenues lagged, leading to a bearish movement in the stock.
• The lower fee harvest volumes, decreased domestic sales volumes, high lumber manufacturing costs, and raw materials costs impacted the stock negatively.
• Analysts expected a significant decrease in quarterly earnings compared to the year-ago period, which likely contributed to the bearish market movement.
• Softness in construction activities, production curtailment, and weak lumber and OSB pricing also added to the negative sentiment surrounding Weyerhaeuser's stock.

WY Price Chart

WY Technical Analysis

WY News

Weyerhaeuser Q3 Earnings Beat Estimates, Revenues Lag, Stock Down

WY's third-quarter 2024 results portray lower fee harvest volumes, a decrease in domestic sales volumes, high lumber manufacturing and raw materials costs.

https://www.zacks.com/stock/news/2357863/weyerhaeuser-q3-earnings-beat-estimates-revenues-lag-stock-down

How To Earn $500 A Month From Weyerhaeuser Stock Ahead Of Q3 Earnings - Weyerhaeuser ( NYSE:WY )

Weyerhaeuser Company WY will release earnings results for its third quarter, after the closing bell on Thursday, Oct. 24, Analysts expect the company to report quarterly earnings at 1 cent per share, down from 33 cents per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/10/41516113/how-to-earn-500-a-month-from-weyerhaeuser-stock-ahead-of-q3-earnings

Weyerhaeuser to Report Q3 Earnings: What's in Store for the Stock?

WY's third-quarter results are likely to reflect softness in construction activities, production curtailment and weak lumber and OSB pricing.

https://www.zacks.com/stock/news/2356130/weyerhaeuser-to-report-q3-earnings-whats-in-store-for-the-stock

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Weyerhaeuser Company Price History

14.10.2023 - WY Stock was up 5.0%

• WY stock had a strong bullish movement today.
• The declaration of a quarterly base cash dividend of $0.19 per share on WY's common stock could have contributed to the bullish market movement.
• The dividend announcement indicates that the company is confident in its financial position and is returning value to its shareholders.
• The dividend payment may have attracted investors seeking income and contributed to the positive sentiment surrounding the stock.

28.01.2024 - WY Stock was up 2.5%

• Weyerhaeuser (WY) stock surged after securing an exclusive carbon sequestration exploration agreement with Lapis Energy.
• The partnership's primary goal is to address climate solutions and reduce carbon emissions for industrial sources, indicating WY's commitment to sustainability.
• Investor confidence likely increased due to this eco-friendly initiative, aligning with the focus on environmental efforts and ESG factors.
• By proactively engaging in carbon sequestration, Weyerhaeuser showcases its environmental stewardship and could attract more socially conscious investors, leading to a potential rise in the stock price.

02.10.2023 - WY Stock was up 5.1%

• Despite some negative news articles about Weyerhaeuser's operating performance and valuation, the stock had a strong bullish movement today.
• The market might have reacted positively to the company's Q3 earnings call, which showed improved sequential results.
• The trimming of stock holdings by Texas Yale Capital Corp. could have been seen as a positive move by other investors, indicating confidence in the stock.
• The overall bullish movement could also be attributed to the rebound in lumber prices, which had previously impacted Weyerhaeuser's performance.

10.06.2023 - WY Stock was up 2.3%

• The bullish movement of WY could be attributed to the following factors:
• 1. Positive market sentiment: The overall market's bullish movement may have influenced the upward trend of WY, as investors are generally optimistic about the market's performance.
• 2. Strong performance in the timber industry: WY's focus on timberland management and wood products may have benefited from a surge in demand or positive industry news, leading to increased investor confidence in the stock.
• 3. Potential growth in real estate development: As a real estate investment trust, WY's involvement in real estate development may have received positive attention, potentially due to favorable economic conditions or promising projects.
• 4. Other market factors: It's important to consider that other market factors, such as economic data or geopolitical events, could have influenced the bullish movement of WY. However, without further information, it is difficult to pinpoint specific causes.

29.09.2024 - WY Stock was down 5.1%

• Weyerhaeuser's Q3 earnings beat estimates but revenues lagged, leading to a bearish movement in the stock.
• The lower fee harvest volumes, decreased domestic sales volumes, high lumber manufacturing costs, and raw materials costs impacted the stock negatively.
• Analysts expected a significant decrease in quarterly earnings compared to the year-ago period, which likely contributed to the bearish market movement.
• Softness in construction activities, production curtailment, and weak lumber and OSB pricing also added to the negative sentiment surrounding Weyerhaeuser's stock.

11.06.2024 - WY Stock was up 5.0%

• Weyerhaeuser's stock experienced a strong bullish movement today.
• The anticipation of upcoming rate cuts by the Federal Reserve is likely contributing to the positive market sentiment towards WY.
• Lower interest rates can benefit companies in the forestry industry like Weyerhaeuser by reducing borrowing costs and potentially increasing demand for wood products.
• As interest rates decrease, companies burdened with high levels of debt, which may include some in the forestry sector, could see improved financial performance, leading to a positive outlook for Weyerhaeuser's stock.