PotlatchDeltic (PCH) reported its fourth-quarter earnings results on Monday, January 29, 2024. The company’s earnings missed estimated earnings by 100.0%, reporting an EPS of $0.0 compared to an estimate of $0.03. However, revenue was up $1.36 million from the same period last year.
This earnings miss follows a previous quarter in which the company also fell short on EPS by $0.06. Despite this, the share price increased by 0.49% the next day.
To provide further insight into PotlatchDeltic’s performance, let’s review its past earnings performance. In the third quarter of 2023, the EPS estimate was 0.20, but the actual EPS came in at 0.14. In the second quarter of 2023, the EPS estimate was 0.09, but the actual EPS was 0.06. The first quarter of 2023 saw an EPS estimate of 0.11, but the actual EPS was 0.23. Finally, in the fourth quarter of 2022, the EPS estimate was 0.16, but the actual EPS was 0.12.
In terms of revenue, the estimates and actual figures for each quarter were as follows:
– Q3 2023: Estimate – $267.07 million, Actual – $265.51 million
– Q2 2023: Estimate – $230.63 million, Actual – $246.10 million
– Q1 2023: Estimate – $244.77 million, Actual – $257.96 million
– Q4 2022: Estimate – $252.22 million, Actual – $253.14 million
Investors looking to track all earnings releases for PotlatchDeltic can visit the company’s earnings calendar on Benzinga’s website.
It is important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. Therefore, investors should conduct their own research and analysis before making any investment decisions.
In conclusion, PotlatchDeltic’s Q4 earnings missed estimates, but the company experienced a slight increase in share price following a previous earnings miss. Investors should closely monitor the company’s performance and stay updated on future earnings releases.
