Curious about Wheaton Precious Metals (WPM) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Wall Street analysts expect Wheaton Precious Metals Corp. (WPM) to post quarterly earnings of $0.58 per share in its upcoming report, which indicates a year-over-year increase of 75.8%. Revenues are expected to be $467.71 million, up 56.4% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 14.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific Wheaton Precious Metals metrics that are routinely monitored and predicted by Wall Street analysts.It is projected by analysts that the 'Sales- Palladium' will reach $2.63 million. The estimate points to a change of -37.7% from the year-ago quarter.Analysts forecast 'Sales- Silver' to reach $154.40 million. The estimate points to a change of +38.7% from the year-ago quarter.The consensus among analysts is that 'Sales- Gold' will reach $302.41 million. The estimate indicates a year-over-year change of +66%.Analysts expect 'Sales- Silver- Antamina' to come in at $36.20 million. The estimate indicates a year-over-year change of +37.3%.The collective assessment of analysts points to an estimated 'Units Sold - Silver' of $4627.2 ounces. The estimate is in contrast to the year-ago figure of $3823.0 ounces.Analysts' assessment points toward 'Units Produced - Gold - Sudbury' reaching $5.1 ounces. Compared to the current estimate, the company reported $5.9 ounces in the same quarter of the previous year.Analysts predict that the 'Units Produced - Gold - Salobo' will reach $70.3 ounces. Compared to the present estimate, the company reported $63.2 ounces in the same quarter last year.The average prediction of analysts places 'Units Produced - Gold - Constancia' at $7.0 ounces. Compared to the current estimate, the company reported $6.1 ounces in the same quarter of the previous year.Based on the collective assessment of analysts, 'Units Produced - Silver - Antamina' should arrive at $1111.3 ounces. Compared to the present estimate, the company reported $992.0 ounces in the same quarter last year.According to the collective judgment of analysts, 'Units Produced - Silver - Constancia' should come in at $635.9 ounces. The estimate is in contrast to the year-ago figure of $451.0 ounces.The combined assessment of analysts suggests that 'Units Produced - Palladium - Stillwater' will likely reach $2.6 ounces. Compared to the current estimate, the company reported $4.3 ounces in the same quarter of the previous year.The consensus estimate for 'Units Produced - Gold' stands at $96.7 ounces. Compared to the present estimate, the company reported $85.0 ounces in the same quarter last year. View all Key Company Metrics for Wheaton Precious Metals here>>> Wheaton Precious Metals shares have witnessed a change of +1.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.6% move. With a Zacks Rank #3 (Hold), WPM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wheaton Precious Metals Corp. (WPM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks