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Wheaton Precious Metals Corp. (WPM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Wheaton Precious Metals Corp. (WPM - Free Report) reported $264.97 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 12.5%. EPS of $0.31 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of +7.12% over the Zacks Consensus Estimate of $247.37 million. With the consensus EPS estimate being $0.27, the EPS surprise was +14.81%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wheaton Precious Metals Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Ounces Produced - Total Gold: 85.08 Oz compared to the 76.32 Oz average estimate based on 10 analysts.
Ounces Produced - Silver - Antamina: 960 Oz versus the nine-analyst average estimate of 1204.05 Oz.
Ounces Produced - Gold - Salobo: 54.8 Oz compared to the 45.43 Oz average estimate based on nine analysts.
Ounces Produced - Gold - Constancia: 7.44 Oz versus the nine-analyst average estimate of 8.32 Oz.
Revenues- Silver - Pe?asquito: $46.29 million compared to the $37.90 million average estimate based on four analysts. The reported number represents a change of -1.7% year over year.
Revenues- Silver - Antamina: $23.30 million versus $25.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.9% change.
Revenues- Palladium sales: $4.88 million versus $6.62 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -32.3% change.
Revenues- Gold - Sudbury: $9.55 million versus the three-analyst average estimate of $10.51 million. The reported number represents a year-over-year change of -35.4%.
Revenues- Cobalt sales: $3.50 million versus the three-analyst average estimate of $1.91 million. The reported number represents a year-over-year change of -54.2%.
Revenues- Gold - Salobo: $91.35 million versus the three-analyst average estimate of $85.51 million. The reported number represents a year-over-year change of +0.6%.
Revenues- Gold - San Dimas: $22.53 million compared to the $19.71 million average estimate based on three analysts. The reported number represents a change of +13.2% year over year.
Revenues- Gold - Constancia: $19.09 million versus the three-analyst average estimate of $18.24 million.
Shares of Wheaton Precious Metals Corp. have returned +0.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Wheaton Precious Metals Corp. (WPM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Wheaton Precious Metals Corp. (WPM - Free Report) reported $264.97 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 12.5%. EPS of $0.31 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of +7.12% over the Zacks Consensus Estimate of $247.37 million. With the consensus EPS estimate being $0.27, the EPS surprise was +14.81%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wheaton Precious Metals Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Ounces Produced - Total Gold: 85.08 Oz compared to the 76.32 Oz average estimate based on 10 analysts.
- Ounces Produced - Silver - Antamina: 960 Oz versus the nine-analyst average estimate of 1204.05 Oz.
- Ounces Produced - Gold - Salobo: 54.8 Oz compared to the 45.43 Oz average estimate based on nine analysts.
- Ounces Produced - Gold - Constancia: 7.44 Oz versus the nine-analyst average estimate of 8.32 Oz.
- Revenues- Silver - Pe?asquito: $46.29 million compared to the $37.90 million average estimate based on four analysts. The reported number represents a change of -1.7% year over year.
- Revenues- Silver - Antamina: $23.30 million versus $25.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.9% change.
- Revenues- Palladium sales: $4.88 million versus $6.62 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -32.3% change.
- Revenues- Gold - Sudbury: $9.55 million versus the three-analyst average estimate of $10.51 million. The reported number represents a year-over-year change of -35.4%.
- Revenues- Cobalt sales: $3.50 million versus the three-analyst average estimate of $1.91 million. The reported number represents a year-over-year change of -54.2%.
- Revenues- Gold - Salobo: $91.35 million versus the three-analyst average estimate of $85.51 million. The reported number represents a year-over-year change of +0.6%.
- Revenues- Gold - San Dimas: $22.53 million compared to the $19.71 million average estimate based on three analysts. The reported number represents a change of +13.2% year over year.
- Revenues- Gold - Constancia: $19.09 million versus the three-analyst average estimate of $18.24 million.
View all Key Company Metrics for Wheaton Precious Metals Corp. here>>>Shares of Wheaton Precious Metals Corp. have returned +0.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.