The 10-second takeaway
For the quarter ended March 31 (Q1), Silver Wheaton missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Gross margins improved, operating margins shrank, net margins dropped.
Silver Wheaton recorded revenue of $199.6 million. The five analysts polled by S&P Capital IQ expected sales of $203.9 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $158.2 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 $0.41. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.42 per share. GAAP EPS of $0.41 for Q1 were 21% higher than the prior-year quarter's $0.34 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 87.5%, 10 basis points better than the prior-year quarter. Operating margin was 75.1%, 80 basis points worse than the prior-year quarter. Net margin was 73.7%, 350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $210.4 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $890.5 million. The average EPS estimate is $1.93.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,547 members out of 2,652 rating the stock outperform, and 107 members rating it underperform. Among 517 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 491 give Silver Wheaton a green thumbs-up, and 26 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 $47.18.
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.
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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.