The 10-second takeaway
For the quarter ended June 30 (Q2), Silver Wheaton beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Margins dropped across the board.
Silver Wheaton booked revenue of $201.4 million. The five analysts polled by S&P Capital IQ foresaw a top line of $184.1 million on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $194.8 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 $0.40. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.39 per share. GAAP EPS of $0.40 for Q2 were 4.8% lower than the prior-year quarter's $0.42 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 86.0%, 320 basis points worse than the prior-year quarter. Operating margin was 71.7%, 670 basis points worse than the prior-year quarter. Net margin was 70.2%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $197.6 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $824.9 million. The average EPS estimate is $1.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,593 members out of 2,698 rating the stock outperform, and 105 members rating it underperform. Among 532 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 506 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 $43.95.
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