The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Silver Wheaton whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped.
Gross margins dropped, operating margins contracted, net margins grew.
Silver Wheaton chalked up revenue of $161.3 million. The five analysts polled by S&P Capital IQ hoped for sales of $193.0 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $185.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.34. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. GAAP EPS of $0.34 for Q3 were 11% lower than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 86.7%, 190 basis points worse than the prior-year quarter. Operating margin was 73.6%, 430 basis points worse than the prior-year quarter. Net margin was 74.2%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $224.2 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $818.4 million. The average EPS estimate is $1.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,608 members out of 2,720 rating the stock outperform, and 112 members rating it underperform. Among 592 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 568 give Silver Wheaton a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silver Wheaton is outperform, with an average price target of $44.00.
Is Silver Wheaton the right metals stock for you? Find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add Silver Wheaton to My Watchlist.