Freeport-McMoRan FCX announces its next round of earnings this Thursday, Jan. 24. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.
Earnings and Revenue
Wall Street analysts see Freeport-McMoRan reporting earnings of 19 cents per share on revenue of $3.87 billion.
Freeport-McMoRan reported a profit of 51 cents when it published results during the same quarter last year. Sales in that period totaled $5.04 billion. The Wall Street estimate would represent a 62.75 percent decline in the company's earnings. Sales would be down 23.23 percent from the year-ago period. Here's how the Freeport-McMoRan's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | 0.41 | 0.52 | 0.56 | 0.45 |
EPS Actual | 0.35 | 0.58 | 0.46 | 0.51 |
Stock Performance
Over the last 52-week period, shares are down 37.98 percent. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts have been rating Freeport-McMoRan stock as Neutral. The strength of this rating has maintained conviction over the past three months.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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