Earnings Outlook For Freeport-McMoRan

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Freeport-McMoRan FCX is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement.

Analysts estimate that Freeport-McMoRan will report an earnings per share (EPS) of $0.37.

Freeport-McMoRan bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.05, which was followed by a 9.99% increase in the share price the next day.

Here's a look at Freeport-McMoRan's past performance and the resulting price change:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 0.31 0.80 0.94 0.92
EPS Actual 0.26 0.58 1.07 0.96
Price Change % 9.99% -3.98% -6.76% -3.46%

Stock Performance

Shares of Freeport-McMoRan were trading at $44.95 as of January 20. Over the last 52-week period, shares are up 15.59%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Freeport-McMoRan visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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