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Wheaton Precious Metals Corp. (TSE:WPM) just released its latest quarterly results and things are looking bullish. Results were good overall, with revenues beating analyst predictions by 9.9% to hit US$470m. Statutory earnings per share (EPS) came in at US$0.56, some 8.9% above whatthe analysts had expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
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Following the latest results, Wheaton Precious Metals' eleven analysts are now forecasting revenues of US$1.82b in 2025. This would be a huge 25% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 62% to US$2.21. Before this earnings report, the analysts had been forecasting revenues of US$1.81b and earnings per share (EPS) of US$2.18 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for Wheaton Precious Metals
The analysts reconfirmed their price target of CA$128, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Wheaton Precious Metals analyst has a price target of CA$141 per share, while the most pessimistic values it at CA$115. This is a very narrow spread of estimates, implying either that Wheaton Precious Metals is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Wheaton Precious Metals' rate of growth is expected to accelerate meaningfully, with the forecast 35% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 3.0% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 13% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Wheaton Precious Metals to grow faster than the wider industry.