Wheaton Precious Metals (TSE:WPM) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$299.1m (up 13% from 2Q 2023).
- Net income: US$122.3m (down 14% from 2Q 2023).
- Profit margin: 41% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.27 (down from US$0.31 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wheaton Precious Metals Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are down 8.0% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 1 warning sign for Wheaton Precious Metals that you need to be mindful of.
Valuation is complex, but we’re here to simplify it.
Discover if Wheaton Precious Metals might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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