Rayonier (NYSE:RYN) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:12 PM.
Here’s what investors need to know about the announcement.
Earnings
Rayonier beat estimated earnings by 6.67%, reporting an EPS of $0.16 versus an estimate of $0.15.
Revenue was down $45.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 6.71% drop in the share price the next day.
Here’s a look at Rayonier’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.16 | 0.14 | 0.09 | |
| EPS Actual | 0.20 | 0.01 | 0.35 | 0.22 |
| Revenue Estimate | 228.87M | 204.15M | 236.34M | 211.33M |
| Revenue Actual | 222.00M | 262.00M | 364.70M | 291.40M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Rayonier management provided guidance for FY 2022, expecting earnings between $0.57 and $0.63 per share.
To track all earnings releases for Rayonier visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
