Wheaton Precious Metals (WPM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Wheaton Precious Metals Corp. (WPM) reported $901.47 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 91.6%. EPS of $1.28 for the same period compares to $0.55 a year ago.

The reported revenue represents a surprise of +13.44% over the Zacks Consensus Estimate of $794.66 million. With the consensus EPS estimate being $1.15, the EPS surprise was +11.2%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Wheaton Precious Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Units Produced - GEOs produced: 211.95 Oz versus the four-analyst average estimate of 198.74 Oz.
  • Average Realized Price Per Unit - Silver: $84.5 per ounce versus $66 per ounce estimated by four analysts on average.
  • Average Realized Price Per Unit - Gold: $4849 per ounce versus $4407.5 per ounce estimated by four analysts on average.
  • Units Sold - Silver: 5,049.00 Oz compared to the 5,046.47 Oz average estimate based on three analysts.
  • Sales- Silver: $426.77 million versus the eight-analyst average estimate of $276.12 million. The reported number represents a year-over-year change of +194.5%.
  • Sales- Gold: $461.04 million versus $415.52 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +44.2% change.
  • Sales- Cobalt: $8.75 million versus the eight-analyst average estimate of $11.82 million. The reported number represents a year-over-year change of +157%.
  • Sales- Palladium: $4.91 million versus the eight-analyst average estimate of $3.96 million. The reported number represents a year-over-year change of +107%.
  • Sales- Gold- Stillwater: $6.75 million compared to the $6.34 million average estimate based on seven analysts. The reported number represents a change of +20.7% year over year.
  • Sales- Silver- Antamina: $127.01 million compared to the $76.23 million average estimate based on seven analysts. The reported number represents a change of +348.6% year over year.
  • Sales- Silver- Constancia: $56.94 million versus $30.92 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +143.6% change.
  • Sales- Gold- Constancia: $52.73 million versus the seven-analyst average estimate of $19.52 million. The reported number represents a year-over-year change of +87.5%.

View all Key Company Metrics for Wheaton Precious Metals here>>>

Shares of Wheaton Precious Metals have returned -4% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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