The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Silver Wheaton beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share expanded significantly.
Margins shrank across the board.
Silver Wheaton reported revenue of $287.2 million. The five analysts polled by S&P Capital IQ predicted revenue of $256.3 million on the same basis. GAAP reported sales were 50% higher than the prior-year quarter's $191.9 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 $0.50. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.48 per share. GAAP EPS of $0.50 for Q4 were 22% higher than the prior-year quarter's $0.41 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 85.0%, 230 basis points worse than the prior-year quarter. Operating margin was 65.2%, 990 basis points worse than the prior-year quarter. Net margin was 61.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $274.0 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $1.08 billion. The average EPS estimate is $2.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,630 members out of 2,741 rating the stock outperform, and 111 members rating it underperform. Among 491 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 468 give Silver Wheaton a green thumbs-up, and 23 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 $47.13.
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