Timber REIT PotlatchDeltic Q3 profit beats estimates on higher timberlands volume
Overview
PotlatchDeltic Q3 revenue grows and beats analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting strong operational performance
Company enters merger agreement with Rayonier Inc., aiming to create leading land resources owner
Outlook
Company expects merger with Rayonier to close in late Q1 or early Q2 2026
PotlatchDeltic aims to deliver long-term shareholder value post-merger
Result Drivers
REAL ESTATE SALES - Significant rural land sales in Georgia boosted Real Estate segment performance
LUMBER PRICE DECLINE - Wood Products segment faced a 12% decrease in average lumber price, impacting earnings
TIMBERLANDS VOLUME - Increased northern harvest volume due to normal seasonality supported Timberlands segment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $314.20 mln | $302.92 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $0.36 | $0.25 (8 Analysts) |
Q3 EPS | $0.33 | ||
Q3 Adjusted Net Income | Beat | $27.80 mln | $22.54 mln (7 Analysts) |
Q3 Net Income | $25.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Potlatchdeltic Corp is $50.50, about 20.8% above its October 31 closing price of $40.00
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 41 three months ago
Press Release:
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