Wheaton Precious Metals (TSE:WPM) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$299.1m (up 13% from 2Q 2023).
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Net income: US$122.3m (down 14% from 2Q 2023).
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Profit margin: 41% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses.
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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
You should learn about the 1 warning sign we’ve spotted with Wheaton Precious Metals.
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