The headline numbers for Freeport-McMoRan (FCX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.27 per share a year ago.
American mining company Freeport-McMoRan Inc (NYSE:FCX) will announce quarterly results ahead of the open Thursday, Jan. 23.
Weaker copper prices and sales volumes are likely to have impacted FCX's performance in the fourth quarter.
There are mixed signals in the economy; however, "Dr. Copper" and FDX performance can provide insights into economic health. Freeport-McMoRan's fundamentals remain strong with steady dividends, significant cash reserves, and ongoing investments in brownfield and greenfield projects to maintain and grow reserves. Despite some concerns about rising costs, Freeport-McMoRan's diversified production and future automation plans position it well for long-term growth and cost reduction.
Freeport-McMoRan (FCX) reachead $40.22 at the closing of the latest trading day, reflecting a +0.47% change compared to its last close.
Get a deeper insight into the potential performance of Freeport-McMoRan (FCX) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Freeport-McMoRan (FCX) closed the most recent trading day at $40.03, making no change from the previous trading session.
Freeport-McMoRan (FCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, Freeport-McMoRan (FCX) closed at $38.98, indicating a -1.91% shift from the previous trading day.
In the latest trading session, Freeport-McMoRan (FCX) closed at $37.88, marking a -0.53% move from the previous day.