Wheaton Precious Metals Third Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St.11-09

Wheaton Precious Metals (TSE:WPM) Third Quarter 2024 Results Key Financial Results Revenue: US$308.3m (up 38% from 3Q 2023). Net income: US$154.6m (up 33% from 3Q 2023). Profit margin: 50% (down from...

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The decrease in margin was driven by higher expenses.TSX:WPM Earnings and Revenue Growth November 9th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.4%. Earnings per share  was mostly in line with analyst estimates.Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.Performance of the Canadian Metals and Mining industry.The company's share price is broadly unchanged from a week ago.While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Wheaton Precious Metals' balance sheet and an in-depth analysis of the company's financial position.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WPM":"Wheaton Precious Metals"},"translate_title":"惠顿贵金属2024年第三季度收益：收入令人失望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WPM":1},"content_text":"Wheaton Precious Metals (TSE:WPM) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$308.3m (up 38% from 3Q 2023).\nNet income: US$154.6m (up 33% from 3Q 2023).\nProfit margin: 50% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$0.34 (up from US$0.26 in 3Q 2023).\n\n\n\n\n  TSX:WPM Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nWheaton Precious Metals Revenues Disappoint\n Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) was mostly in line with analyst estimates. \n Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. \nPerformance of the Canadian Metals and Mining industry.\n The company's share price is broadly unchanged from a week ago. \nBalance Sheet Analysis\n While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Wheaton Precious Metals' balance sheet and an in-depth analysis of the company's financial position. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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