Analyst Consensus ?
ConsensusHold24 ratings
Bullish1354.2%
Neutral937.5%
Bearish28.3%
Weyerhaeuser Company · WY · FY2026 Q1 · Calendar Q2 2026
Weyerhaeuser Q1 2026: Adjusted EBITDA Surges 120% on Strong Timber and Wood Products
Weyerhaeuser delivered a strong Q1 2026 with adjusted EBITDA of $308M, up 120% sequentially, and reported EPS of $0.11 beating the $0.059 consensus by 87%. The quarter was driven by higher lumber and OSB pricing, continued portfolio optimization ($214M in divestiture proceeds), and the launch of new proprietary products. Management maintained a confident tone and stable Q2 guidance, though cost headwinds from inflation and planned OSB outages are expected. A potential softwood lumber duty reduction from ~45% to ~35% around August could provide further margin tailwinds. Despite the beat, the stock fell 2.4% on an abnormal basis, suggesting the market remains skeptical about the durability of wood product margin gains and housing demand. At $23.50 versus a $29 consensus target, the stock trades at a ~19% discount to analyst expectations.
Reported After market closeNYSEReal Estate
$16.94B market cap
100quality score
Company context
Snapshot as of publicationEstablished in 1900, Weyerhaeuser Company holds a prominent global position as one of the largest private proprietors of timberlands. The company oversees or owns approximately 11 million acres of forested land in the United States, complemented by additional timberlands in Canada managed under long-term licenses. These extensive holdings are cultivated responsibly, in full compliance with internationally accepted sustainable forestry criteria. Beyond its land stewardship, Weyerhaeuser is also a leading producer of wood-based goods throughout North America. Operating as a real estate investment trust (REIT), the firm achieved net sales of $7.5 billion in 2020. Its approximately 9,400 employees cater to a worldwide customer base, and Weyerhaeuser's commitment to environmental, social, and governance principles is acknowledged by its inclusion in the Dow Jones Sustainability North America Index. The company's common stock is available for trading on the New York Stock Exchange under the ticker WY.
Earnings scorecard
Reported versus consensus
Reported EPS
$0.11
Consensus $0
EPS surprise
+87.4%
Reported versus consensus
Reported revenue
$1.73B
Consensus $1.72B
Revenue surprise
+0.5%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$23.5Previous close
$27Low
$33.93Average
$45High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Jul 17, 2026 |
| Truist Securities | Hold | Hold | Maintain | Jul 15, 2026 |
| Raymond James | Strong Buy | Outperform | Upgrade | Jul 10, 2026 |
| DA Davidson | Buy | Buy | Maintain | Jun 30, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jun 29, 2026 |
| Citigroup | Buy | Buy | Maintain | May 5, 2026 |
| CIBC | Outperform | Outperform | Maintain | Dec 12, 2025 |
| B of A Securities | Neutral | Buy | Downgrade | Nov 17, 2025 |
| BMO Capital | Outperform | Market Perform | Upgrade | Dec 6, 2024 |
| Argus Research | Hold | Buy | Downgrade | Jul 20, 2022 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 23, 2022 |
| Stephens & Co. | Equal Weight | Overweight | Downgrade | May 3, 2021 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Jul 9, 2020 |
| Seaport Global | Buy | Buy | Maintain | Jan 23, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Jan 2, 2019 |
| Argus | Buy | Buy | Maintain | Nov 20, 2018 |
| Dundee | Neutral | Buy | Downgrade | Aug 12, 2016 |
| Vertical Research | Hold | Buy | Downgrade | May 3, 2016 |
| CLSA | Outperform | Underperform | Upgrade | Nov 13, 2015 |
| UBS | Sell | Sell | Maintain | May 4, 2015 |
| Longbow Research | Buy | Neutral | Upgrade | Aug 20, 2013 |
| Deutsche Bank | Hold | Hold | Maintain | Jun 24, 2013 |
| Buckingham Research | Buy | Neutral | Upgrade | May 31, 2013 |
| McAdams Wright Ragen | Sell | Hold | Downgrade | Oct 31, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $23.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Buck Horne | $30 | $22.5 | +27.7% | Jul 10, 2026 |
| CIBC | Analyst unavailable | $28 | $25.01 | +19.1% | Apr 23, 2026 |
| Truist Financial | Analyst unavailable | $29 | $25.92 | +23.4% | Feb 2, 2026 |
| Truist Financial | Analyst unavailable | $28 | $24.26 | +19.1% | Jan 6, 2026 |
| New Street | Hamir Patel | $28 | $23.41 | +19.1% | Dec 12, 2025 |
| Seaport Global | Analyst unavailable | $33 | $22.76 | +40.4% | Dec 10, 2025 |
| D.A. Davidson | Kurt Yinger | $31 | $23 | +31.9% | Nov 3, 2025 |
| RBC Capital | Matthew McKellar | $30 | $23 | +27.7% | Nov 3, 2025 |
| Truist Financial | Michael Roxland | $27 | $23.94 | +14.9% | Oct 13, 2025 |
| Truist Financial | Michael Roxland | $34 | $32.59 | +44.7% | Oct 15, 2024 |
| Goldman Sachs | Susan Maklari | $38 | $32.45 | +61.7% | Sep 16, 2024 |
| Citigroup | Anthony Pettinari | $36 | $31.27 | +53.2% | Jul 29, 2024 |
| RBC Capital | Matthew McKellar | $37 | $31.59 | +57.4% | Jul 29, 2024 |
| D.A. Davidson | Kurt Yinger | $36 | $31.5 | +53.2% | Jul 29, 2024 |
| Truist Financial | Michael Roxland | $31 | $31.6 | +31.9% | Jul 29, 2024 |
| BMO Capital | Mark Wilde | $38 | $35.61 | +61.7% | Mar 22, 2024 |
| BMO Capital | Analyst unavailable | $36 | $34.34 | +53.2% | Feb 6, 2023 |
| Raymond James | Analyst unavailable | $39 | $27.6 | +66.0% | Sep 29, 2022 |
| Raymond James | Analyst unavailable | $45 | $34.62 | +91.5% | Sep 12, 2022 |
| Goldman Sachs | Analyst unavailable | $41 | $33.26 | +74.5% | Jun 23, 2022 |
| D.A. Davidson | Kurt Yinger | $30 | $39.9 | +27.7% | Apr 18, 2022 |
| RBC Capital | Paul Quinn | $45 | $39.9 | +91.5% | Apr 14, 2022 |
Track every rating change on WY the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
-2.2%
Event window
SPY move
+0.3%
Same window
Abnormal move
-2.4%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
-1.2%
Up to 20 sessions
WYSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Adjusted EBITDA surged 120% QoQ to $308M with GAAP EPS of $0.22. Reported EPS of $0.11 beat the $0.059 estimate by 87% and revenue of $1.727B edged past the $1.719B estimate. $214M was generated from the Virginia timberlands divestiture and Princeton timber license transfer. New proprietary products AeroStrand and Pro Panel were launched, expanding the wood products portfolio. A $94M conservation easement transaction in Florida was completed, retaining land ownership while restricting development. Softwood lumber duty reduction from ~45% to ~35% is expected after AR7 results around August. New distribution locations are planned in Billings, MT and Gallatin, TN by year-end. The stock fell 2.4% on an abnormal basis despite the beat, with 1.69x baseline volume and a 1.2% subsequent drift lower.
Guidance delta
Management maintained guidance, expecting Q2 earnings and EBITDA comparable to Q1. Higher costs from inflation and planned OSB mill outages are anticipated in Q2. Capex outlook increased, with approximately $300M earmarked for the Monticello project in 2026 within the previously announced $400-450M full-year capex program. Prior-quarter guidance for stable timberland earnings and Climate Solutions growth remains intact.
Key takeaways
- Adjusted EBITDA jumped 120% sequentially to $308M; GAAP EPS was $0.22 and reported EPS of $0.11 beat the $0.059 consensus estimate by 87%.
- Portfolio optimization continued with $214M in proceeds from the Virginia timberlands divestiture and Princeton timber license transfer.
- New proprietary products AeroStrand and Pro Panel were launched, leveraging timber strand technology to target underpenetrated markets.
- Softwood lumber duties could be reduced from approximately 45% to 35% after AR7 results expected around August.
- A $94M conservation easement in Florida retains land ownership while restricting development, adding to real estate monetization.
- Despite the earnings beat, the stock declined 2.4% on an abnormal basis with 1.69x baseline volume, followed by a 1.2% subsequent drift lower.
Management priorities
- Invest approximately $300M in the Monticello project during 2026 for capacity expansion
- Bring AeroStrand and Pro Panel to market and continue expanding the product pipeline
- Open new distribution locations in Billings, MT and Gallatin, TN by year-end
- Advance solar and wind projects, targeting 4-6 renewable facilities under construction by year-end
- Continue strategic land solutions focus with real estate sales and Climate Solutions growth
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T06:41:57.416879+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T06:41:57.414183+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.