Silver Wheaton Earnings Preview: Get Ahead of the Analysts
Silver Wheaton (NYSE:SLW) will report earnings after markets close on Wednesday, August 14th. Silver Wheaton Corporation purchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece and the United States.
Here is your Cheat Sheet to Silver Wheaton Earnings:
Earnings Expectations: Analysts expect earnings of $0.26 per share on revenues of $194.17 million. Currently, the company’s P/E ratio stands at 13.03.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.4 to a profit $0.24. For the current year, the average estimate is a profit of $1.2, which is worse than the estimate ninety days ago.
Here’s how Silver Wheaton has been performing on an annual basis:
|Revenue ($) in millions||167||239||423||730||850|
|Diluted EPS ($)||0.07||0.38||0.83||1.55||1.65|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||201.41||161.27||287.24||205.76|
|Diluted EPS ($)||0.40||0.34||0.50||0.37|
Silver Wheaton has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.