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Here's Why Freeport-McMoRan (FCX) Fell More Than Broader Market
ZACKS· 2025-09-24 22:45
Company Performance - Freeport-McMoRan (FCX) experienced a significant decline of 16.95%, closing at $37.67, underperforming the S&P 500's daily loss of 0.29% [1] - Over the past month, FCX shares gained 2.28%, lagging behind the Basic Materials sector's gain of 4.35% and the S&P 500's gain of 3.08% [1] Upcoming Financial Results - The upcoming earnings per share (EPS) for Freeport-McMoRan is projected at $0.49, reflecting a 28.95% increase from the same quarter last year [2] - Revenue is estimated to be $6.91 billion, indicating a 1.75% increase compared to the same quarter of the previous year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $1.77 per share and revenue at $27.39 billion, representing increases of 19.59% and 7.61% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Freeport-McMoRan reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations and profit generation [4] Zacks Rank and Performance - The Zacks Rank system, which evaluates estimate changes, currently ranks Freeport-McMoRan at 3 (Hold), with a consensus EPS projection moving 1.03% higher in the past 30 days [6] - Historically, 1 ranked stocks in the Zacks Rank system have yielded an average annual return of +25% since 1988 [6] Valuation Metrics - Freeport-McMoRan is trading at a Forward P/E ratio of 25.64, which is a premium compared to the industry average Forward P/E of 25.17 [7] - The company has a PEG ratio of 0.85, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.83 [7] Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 155, placing it in the bottom 38% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
AppLovin (APP) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2025-09-24 22:45
In the latest close session, AppLovin (APP) was down 1.42% at $641.92. This move lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.34%. Shares of the mobile app technology company witnessed a gain of 38.75% over the previous month, beating the performance of the Business Services sector with its loss of 0.47%, and the S&P 500's gain of 3.08%.The upcoming earnings release of AppLovin will be of great interest to investors. The ...
Worthington Steel, Inc. (WS) Q1 Earnings and Revenues Beat Estimates
ZACKS· 2025-09-24 22:26
Worthington Steel, Inc. (WS) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.94%. A quarter ago, it was expected that this steel processing company would post earnings of $0.83 per share when it actually produced earnings of $1.05, delivering a surprise of +26.51%.Over the last fou ...
KB Home (KBH) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-09-24 22:26
KB Home (KBH) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.5 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.33%. A quarter ago, it was expected that this homebuilder would post earnings of $1.45 per share when it actually produced earnings of $1.5, delivering a surprise of +3.45%.Over the last four quarters, the company has sur ...
H. B. Fuller (FUL) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-09-24 22:15
Core Viewpoint - H. B. Fuller reported quarterly earnings of $1.26 per share, exceeding the Zacks Consensus Estimate of $1.24 per share, and showing an increase from $1.13 per share a year ago, indicating a positive earnings surprise of +1.61% [1] Financial Performance - The company achieved revenues of $892.04 million for the quarter ended August 2025, slightly surpassing the Zacks Consensus Estimate by 0.01%, but down from $917.93 million in the same quarter last year [2] - Over the last four quarters, H. B. Fuller has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - H. B. Fuller shares have declined approximately 11.7% since the beginning of the year, contrasting with the S&P 500's gain of 13.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $905.37 million, and for the current fiscal year, it is $4.18 on revenues of $3.48 billion [7] - The outlook for the Chemical - Specialty industry, where H. B. Fuller operates, is currently in the bottom 32% of over 250 Zacks industries, which may impact the stock's performance [8]
Steelcase (SCS) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-09-24 22:15
Core Viewpoint - Steelcase (SCS) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, and showing an increase from $0.39 per share a year ago, indicating a strong performance in the office furniture sector [1][2] Financial Performance - The company achieved revenues of $897.1 million for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 2.58% and up from $855.8 million year-over-year [2] - Over the last four quarters, Steelcase has consistently exceeded consensus EPS estimates [2] Stock Performance - Steelcase shares have increased approximately 42.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $814.95 million, and for the current fiscal year, it is $1.05 on revenues of $3.27 billion [7] - The trend of earnings estimate revisions is mixed ahead of the earnings release, which could influence future stock movements [6] Industry Context - The Business - Office Products industry is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook for companies within this sector [8]
Is the Options Market Predicting a Spike in SL Green Realty Stock?
ZACKS· 2025-09-24 20:00
Investors in SL Green Realty Corp. (SLG) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan. 16, 2026 $30 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...
IONQ or QUBT: Which Quantum Stock Is the Better Investment in 2025?
ZACKS· 2025-09-24 20:00
Key Takeaways IonQ expands through acquisitions like Vector Atomic, boosting hardware and quantum sensing capabilities.Partnerships with AstraZeneca, AWS and NVIDIA highlight IonQ's real-world commercial applications.QUBT advances with photonic chip foundry and commercial wins in academia, finance and automotive.In September, the U.S. Federal Reserve delivered its first rate cut of 2025, reducing the federal funds rate by 25 basis points and signaling two more cuts before the year's end. This easing backdro ...
Micron or NVIDIA: Which AI Stock Looks Attractive and Worth a Buy?
ZACKS· 2025-09-24 20:00
Key Takeaways Micron posted $11.32B in Q4 revenues, up from $7.75B last year, on booming HBM chip demand. NVIDIA saw Q2 revenues jump 56% to $46.7B, driven by strong Blackwell chip sales.Micron trades at 12.56x forward earnings vs. NVIDIA at 40.11x, making Micron look more affordable.The rise of artificial intelligence (AI) has been a blessing in disguise for two prominent semiconductor stocks, NVIDIA Corporation (NVDA) and Micron Technology, Inc. (MU) . Both companies have posted strong quarterly performan ...
Procore Technologies (PCOR) Surges 5.0%: Is This an Indication of Further Gains?
ZACKS· 2025-09-24 19:46
Procore Technologies (PCOR) shares ended the last trading session 5% higher at $73.94. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% gain over the past four weeks.Procore Technologies is benefiting from strong customer adoption of its AI-driven innovations, platform unification, and go-to-market transition, driving efficient growth and increased cross-sell opportunities.This construction management software ...