Silver Wheaton: Here’s What Investors Need to Know Before Earnings

Silver Wheaton (NYSE:SLW) will report earnings after markets close on Friday, May 10th. 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 $0.40 per share on revenues of $252.46 million. Currently, the company’s P/E ratio stands at 14.88.

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 $0.48 to a profit $0.38. For the current year, the average estimate is a profit of $1.68, 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 ($) in millions 166.72 239.29 423.35 730.00 849.56
Diluted EPS ($) 0.07 0.38 0.44 1.55 1.65

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 191.87 199.64 201.41 161.27 287.24
Diluted EPS ($) 0.4068 0.41 0.40 0.34 0.4984

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]