Equity Profile

WPM

Wheaton Precious Metals Corp.

MaterialsGold$49.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Wheaton Precious Metals Corp. (WPM) is a leading precious metals streaming company focused on gold and silver....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and operational efficiency, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and expand its market presence, crucial for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WPM Q2-2026 Earnings Preview

Context

Company Snapshot

Wheaton Precious Metals Corp. (WPM) is a leading precious metals streaming company focused on gold and silver. With a market cap of $49 billion, it plays a significant role in the materials sector, benefiting from trends in commodity demand and global economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+12.08%

Avg Stock Reaction

-0.53%

Last Quarter Recap

In Q1 2026, Wheaton reported an EPS of $1.28, surpassing estimates by 11.56%. However, the stock price fell by 2.24% the following day, indicating market skepticism despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Wheaton's upcoming earnings are mixed, with investors uncertain about the impact of commodity prices and operational performance.

Bull Case

If gold and silver prices remain strong, Wheaton could see significant revenue growth, leading to higher-than-expected EPS and a positive market reaction.

Bear Case

Conversely, if commodity prices decline or operational challenges arise, the company may report disappointing results, leading to a negative market response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for Q2-2026?

The EPS figure is critical as it will indicate the company's profitability and could significantly influence investor sentiment.

How have gold and silver prices affected revenue this quarter?

Understanding the impact of commodity prices on revenue will provide insights into the company's operational performance and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising gold prices on Wheaton's profitability this quarter, which could lead to a positive surprise.

Supporting Evidence

Wheaton has a strong track record of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a significant move, indicating that the market anticipates volatility, which could favor a positive outcome.

Key Risk

If gold prices exceed $2,000 per ounce, it could significantly boost Wheaton's earnings, contradicting cautious market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Wheaton can maintain profitability amidst fluctuating commodity prices.

Bull Confirmed If

An EPS of $1.35 or higher would confirm strong operational performance and support the bull case.

Bear Confirmed If

An EPS below $1.10 would indicate potential challenges and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.43%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, indicating that investors expect volatility around the earnings report.

Options are pricing ±9.4% while WPM has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

51.9%

Calls (143K)P/C Ratio: 0.36Puts (124K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Materials

n=30

Fade rate: 13 of 30 (43%)

This setup has occurred 30 times across Materials in the last 2 years. 13 of 30 faded and 17 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.9%, with a raw directional average of +0.5% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Wheaton beats expectations, history suggests a potential average move of +1.51% in the stock price, confirming a bullish outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

A miss could lead to a decline of around +2.41% in the stock price, indicating investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on gold and silver price forecasts.
2Details on operational efficiencies and cost management.
3Insights into new streaming agreements or partnerships.
4Management's outlook on global economic conditions affecting demand.
5Responses to questions about the impact of inflation on operational costs.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Wheaton Precious Metals Corp. (WPM) is a leading precious metals streaming company focused on gold and silver....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and operational efficiency, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and expand its market presence, crucial for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WPM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+12.08%

Avg Stock Reaction

-0.53%

Last Quarter Recap

In Q1 2026, Wheaton reported an EPS of $1.28, surpassing estimates by 11.56%. However, the stock price fell by 2.24% the following day, indicating market skepticism despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Wheaton's upcoming earnings are mixed, with investors uncertain about the impact of commodity prices and operational performance.

Bull Case

If gold and silver prices remain strong, Wheaton could see significant revenue growth, leading to higher-than-expected EPS and a positive market reaction.

Bear Case

Conversely, if commodity prices decline or operational challenges arise, the company may report disappointing results, leading to a negative market response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for Q2-2026?

The EPS figure is critical as it will indicate the company's profitability and could significantly influence investor sentiment.

How have gold and silver prices affected revenue this quarter?

Understanding the impact of commodity prices on revenue will provide insights into the company's operational performance and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising gold prices on Wheaton's profitability this quarter, which could lead to a positive surprise.

Supporting Evidence

Wheaton has a strong track record of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a significant move, indicating that the market anticipates volatility, which could favor a positive outcome.

Key Risk

If gold prices exceed $2,000 per ounce, it could significantly boost Wheaton's earnings, contradicting cautious market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Wheaton can maintain profitability amidst fluctuating commodity prices.

Bull Confirmed If

An EPS of $1.35 or higher would confirm strong operational performance and support the bull case.

Bear Confirmed If

An EPS below $1.10 would indicate potential challenges and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.43%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, indicating that investors expect volatility around the earnings report.

Options are pricing ±9.4% while WPM has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

51.9%

Calls (143K)P/C Ratio: 0.36Puts (124K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Materials

n=30

Fade rate: 13 of 30 (43%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Wheaton beats expectations, history suggests a potential average move of +1.51% in the stock price, confirming a bullish outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

A miss could lead to a decline of around +2.41% in the stock price, indicating investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on gold and silver price forecasts.
2Details on operational efficiencies and cost management.
3Insights into new streaming agreements or partnerships.
4Management's outlook on global economic conditions affecting demand.
5Responses to questions about the impact of inflation on operational costs.