West Fraser Timber Co. Ltd. (WFG) closed at $93.61 in the latest trading session, marking a -1.49% move from the prior day. This move lagged the S&P 500's daily loss of 1.3%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.45%.Coming into today, shares of the company had lost 2.97% in the past month. In that same time, the Basic Materials sector gained 6.93%, while the S&P 500 lost 5.33%.Wall Street will be looking for positivity from West Fraser Timber Co. Ltd. as it approaches its next earnings report date. The company is expected to report EPS of $7.84, up 12.64% from the prior-year quarter.WFG's full-year Zacks Consensus Estimates are calling for earnings of $17.94 per share and revenue of $7.53 billion. These results would represent year-over-year changes of -33.63% and -28.43%, respectively.Investors should also note any recent changes to analyst estimates for West Fraser Timber Co. Ltd.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. West Fraser Timber Co. Ltd. is currently sporting a Zacks Rank of #2 (Buy).Looking at its valuation, West Fraser Timber Co. Ltd. is holding a Forward P/E ratio of 5.3. This represents a discount compared to its industry's average Forward P/E of 19.8.The Agriculture - Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 91, putting it in the top 36% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report West Fraser Timber Co. Ltd. (WFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research