On Thursday, March 11, Wheaton Precious Metals WPM will release its latest earnings report. Benzinga's outlook for Wheaton Precious Metals is included in the following report.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Analysts predict Wheaton Precious Metals will report earnings of $0.34 per share on revenue of $315.01 million. In the same quarter last year, Wheaton Precious Metals posted EPS of $0.17 on sales of $223.22 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The Wall Street consensus estimate for earnings would represent a 100.0% increase for the company. Sales would be up 41.12% on a year-over-year basis. Wheaton Precious Metals's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.19 | 0.22 | 0.17 |
| EPS Actual | 0.34 | 0.22 | 0.22 | 0.17 |
| Revenue Estimate | 291.13 M | 222.70 M | 250.35 M | 248.08 M |
| Revenue Actual | 307.27 M | 247.95 M | 254.79 M | 223.22 M |
Stock Performance
Shares of Wheaton Precious Metals were trading at $37.47 as of March 09. Over the last 52-week period, shares are up 39.97%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Wheaton Precious Metals is scheduled to hold the call at 11:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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