Published on 12 Aug 2022 on Zacks via Yahoo Finance

Wheaton (WPM) Q2 Earnings & Sales Beat Estimates, '22 View Down

Wheaton Precious Metals Corp. WPM reported adjusted EPS of 33 cents in second-quarter 2022, beating the Zacks Consensus Estimate of 32 cents. The bottom line declined 7.8% year over year.The company generated revenues of $303 million during the reported quarter, down 8% on a year-over-year basis. The downside was caused by a 5% decline in the average realized gold equivalent price and a 3% decline in the number of Gold Equivalent Ounces sold. The top line surpassed the Zacks Consensus Estimate of $301 million.Wheaton’s gold production was 68,365 ounces, up from the prior-year quarter’s 90,072 ounces. Attributable silver production inched up 0.1% year over year to 6,537 ounces, while palladium production declined 26% to 3,899 ounces. The company sold 170,371 GEOs during the June-end quarter, down 3.5% from the prior-year quarter’s 176,502 GEOs.

Wheaton Precious Metals Corp. Price, Consensus and EPS Surprise