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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Silver Wheaton has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Silver Wheaton has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)