The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Silver Wheaton missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.
Gross margins improved, operating margins grew, net margins dropped.
Silver Wheaton logged revenue of $191.9 million. The five analysts polled by S&P Capital IQ foresaw revenue of $202.3 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $149.6 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 $0.41. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.41 for Q4 were 17% higher than the prior-year quarter's $0.35 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 87.3%, 250 basis points better than the prior-year quarter. Operating margin was 75.1%, 540 basis points better than the prior-year quarter. Net margin was 75.4%, 680 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $216.7 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $2.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,531 members out of 2,646 rating the stock outperform, and 115 members rating it underperform. Among 598 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 573 give Silver Wheaton a green thumbs-up, and 25 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 $50.15.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.