Shares of West Fraser Timber Co. Ltd. (WFG) fall as the market gains: what you need to know

OEast Fraser Timber Co. Ltd. (WFG) closed at $86.56 in the last trading session, marking a -1.01% move from the previous day. The change lagged the S&P 500’s 0.51% daily gain. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq gained 0.19%.

Going into today, the company’s shares had lost 7.17% over the past month, trailing the materials sector’s gain of 14.91% and the S&P 500’s gain of 14.91%. 5.51% during this period.

West Fraser Timber Co. Ltd. will look to show strength ahead of its next earnings release. That day, West Fraser Timber Co. Ltd. is expected to report earnings of $7.84 per share, which would represent 12.64% year-over-year growth.

Looking to the full year, our Zacks consensus estimates suggest analysts are expecting earnings of $17.94 per share and revenue of $7.53 billion. These totals would mark changes of -33.63% and -28.43%, respectively, from last year.

Any recent changes to analyst estimates for West Fraser Timber Co. Ltd. should also be noted by investors. These revisions help show the ever-changing nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.

The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable, externally audited track record of success with #1 stocks delivering an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection has remained stagnant. West Fraser Timber Co. Ltd. currently has a Zacks rating of #2 (Buy).

Digging into the valuation, West Fraser Timber Co. Ltd. currently has a forward P/E ratio of 4.87. For comparison, his industry has an average Forward P/E of 23.74, which means West Fraser Timber Co. Ltd. trades at a discount to the group.

The Agriculture – Products industry is part of the Basic Materials sector. This group has a Zacks industry ranking of 53, which places it in the top 21% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use to track all of these stock movement metrics, and more, in future trading sessions.

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