Rayonier Inc reports results for the quarter ended March 31 - Earnings Summary

• Rayonier Inc RYN.N reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of six analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -2 cents to 9 cents per share.

• Revenue fell 50.7% to $82.90 million from a year ago; analysts expected $153.12 million.

• Rayonier Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $3.4 million.

• Rayonier Inc shares had fallen by 12.1% this quarter and lost 6.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 39.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"

• Wall Street's median 12-month price target for Rayonier Inc is $30.50

This summary was machine generated from LSEG data April 30 at 11:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)