Core Viewpoint - Freeport-McMoRan (FCX) is expected to report a decline in quarterly earnings and revenues, with analysts predicting earnings of $0.24 per share, a 25% decrease year-over-year, and revenues of $5.31 billion, reflecting a 16% decline compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 9.8% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Estimates - Analysts estimate 'Revenues- Indonesia' at $1.31 billion, a decrease of 53.6% from the prior-year quarter [5]. - 'Revenues- Molybdenum' are expected to reach $261.94 million, showing an increase of 80.7% year-over-year [5]. - 'Revenues- South America copper mines' are projected at $1.29 billion, indicating a year-over-year increase of 13.9% [5]. - 'Revenues- North America copper mines' are forecasted to be $1.56 billion, reflecting a 3.9% increase year-over-year [6]. Production and Sales Estimates - 'Production in millions of pounds - Molybdenum - South America (Cerro Verde)' is expected to be 5.82 Mlbs, up from 3 Mlbs in the same quarter last year [7]. - 'Production in millions of pounds - Molybdenum - By-product - North America' is estimated at 7.73 Mlbs, compared to 7 Mlbs reported in the same quarter last year [7]. - 'Sales in thousands of Ounces - Gold - North America' are projected at 3.87 Koz, down from 4 Koz in the same quarter last year [8]. - 'Sales in thousands of ounces - Gold - Consolidated basis' are expected to reach 126.13 Koz, significantly lower than 568 Koz reported in the same quarter last year [8]. - 'Sales in thousands of Ounces - Gold - Indonesia' are estimated at 122.25 Koz, down from 564 Koz year-over-year [9]. - 'Sales in millions of pounds - Copper - Total South America' are projected at 281.86 Mlbs, slightly lower than 284 Mlbs reported in the same quarter last year [9]. - 'Sales in millions of pounds - Copper - Indonesia - Grasberg' are expected to be 242.98 Mlbs, down from 493 Mlbs year-over-year [10]. Stock Performance - Freeport-McMoRan shares have decreased by 19.2% over the past month, contrasting with a 6.9% decline in the Zacks S&P 500 composite [11].

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Freeport-McMoRan due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected on April 24, 2025, with a consensus EPS estimate of $0.24, reflecting a 25% decrease year-over-year [3]. - Revenues are projected to be $5.31 billion, down 16% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 9.79% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from the consensus estimate, with positive readings being more predictive [7][8]. - Freeport-McMoRan currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, Freeport-McMoRan exceeded the expected EPS of $0.24 by delivering $0.31, resulting in a surprise of +29.17% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While Freeport-McMoRan does not appear to be a strong candidate for an earnings beat, other factors should be considered for investment decisions ahead of the earnings release [16].

Group 1: Gold Market Overview - Gold has been one of the best-performing assets over the last 12 months, increasing by approximately 29% [1] - The price of gold has climbed an average of 9.7% over the last 25 years, although it underperforms compared to the SPY ETF's 27% annual return [2] - Gold serves as a hedge against inflation, maintaining its value during economic uncertainty [2] Group 2: Gold Mining Stocks - Newmont Corporation, the world's largest gold miner, has a current stock price of $56.57 with a 12-month price forecast of $54.55, indicating a potential downside of 3.57% [5] - Newmont's revenue and earnings saw significant year-over-year growth in 2024, benefiting from rising gold prices, with expectations for continued performance in 2025 [6] - Freeport-McMoRan, while not primarily a gold miner, has gold accounting for about 14% of its revenue, with a current stock price of $33.33 and a 12-month price forecast of $48.39, suggesting a 45.20% upside [7][8] - Barrick Gold, another major player, has a current stock price of $20.91 and a 12-month price forecast of $24.21, indicating a 15.77% upside, with significant exposure to gold [11][12]

Group 1 - Freeport-McMoRan Inc. (FCX) is a leading international metals company focused on mining and selling copper, gold, and molybdenum with significant assets in Indonesia, North America, and South America [1] - The Grasberg minerals district in Indonesia is highlighted as one of the world's largest mining operations [1] Group 2 - The company has a strong emphasis on fundamental analysis and disciplined market research, indicating a robust approach to investment strategy [1] - FCX's portfolio includes a mix of small cap companies with strong fundamentals, large cap companies facing temporary setbacks, and stable companies with solid dividend yields and growth potential [1]

Company Overview - Freeport-McMoRan (FCX) shares increased by 15.5% to close at $33.74, following a notable trading volume, contrasting with an 18.6% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $0.26 per share, reflecting an 18.8% year-over-year decline, with revenues projected at $5.6 billion, down 11.4% from the previous year [2] Earnings Estimates and Trends - The consensus EPS estimate for FCX has been revised 9.4% higher in the last 30 days, indicating a potential for price appreciation [3] - A positive trend in earnings estimate revisions is typically associated with stock price increases, suggesting that FCX may experience further strength [3] Industry Context - FCX operates within the Zacks Mining - Non Ferrous industry, where First Quantum Minerals (FQVLF) also resides, having closed 14% higher at $12.01, despite a -12% return over the past month [3] - For First Quantum Minerals, the consensus EPS estimate has decreased by 37.5% to -$0.07, but represents a 65% change from the previous year's report [4]

Company Overview - Freeport-McMoRan Inc. is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, as well as smelting and refining of copper concentrates [12] - The company operates primarily through subsidiaries, including PT Freeport Indonesia, Freeport Minerals Corporation, and Atlantic Copper [12] - PT Freeport Indonesia's principal asset is the Grasberg mine in Papua, Indonesia, which contains the world's largest copper and gold reserves [12] Investment Ratings - Freeport-McMoRan has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid overall rating [13] - The company also has a Value Style Score of A, supported by attractive valuation metrics such as a forward P/E ratio of 17.41 [13] Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.03 to $1.68 per share [13] - Freeport-McMoRan has an average earnings surprise of 15.2%, suggesting a positive trend in earnings performance [13] Investment Considerations - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Freeport-McMoRan is recommended for investors' consideration [14]

Core Viewpoint - Freeport-McMoRan Inc. (FCX) has experienced a significant decline in share price, losing 25.1% over the past three months, primarily due to falling copper prices and high production costs [1][16]. Group 1: Stock Performance - FCX has underperformed compared to the Zacks Mining - Non Ferrous industry, which declined by 24.2%, but outperformed the S&P 500's fall of 13.6% [2]. - In comparison to peers, Southern Copper Corporation (SCCO), BHP Group Limited (BHP), and Rio Tinto Group (RIO) have lost 20.1%, 17.1%, and 11.1% respectively over the same period [2]. Group 2: Technical Indicators - FCX has been trading below the 200-day simple moving average (SMA) since November 11, 2024, indicating a bearish trend [5]. - The stock is currently below its 50-day SMA, following a death crossover on December 3, 2024 [5]. Group 3: Growth Opportunities - FCX is focused on expanding its production capacity, with significant projects underway, including a concentrator expansion at Cerro Verde in Peru, which is expected to add 600 million pounds of copper annually [10]. - The company is evaluating a large-scale expansion at El Abra in Chile and conducting pre-feasibility studies in Arizona to define further expansion opportunities [10]. Group 4: Financial Health - FCX reported operating cash flows of approximately $1.4 billion in Q4 2024, with full-year 2024 cash flows climbing 35% year over year to $7.2 billion [12]. - The company ended 2024 with $3.9 billion in cash and cash equivalents, alongside $3 billion and $1.5 billion available under its credit facilities [12][13]. - FCX has a net debt of $1.06 billion, which is below its targeted range of $3-$4 billion, and has a policy of distributing 50% of available cash to shareholders [13]. Group 5: Production Costs and Market Conditions - FCX's consolidated unit net cash costs per pound of copper increased by 9% year over year in Q4 2024, with expectations for a further 5% increase in Q1 2025 [15]. - The company faces challenges from higher labor and mining costs, particularly in North America [15]. - Copper prices fell nearly 12% in Q4 2024, closing at around $4 per pound, with ongoing concerns about demand, particularly from China [16][17]. Group 6: Earnings Estimates and Valuation - Earnings estimates for FCX for 2025 have been revised lower over the past 30 days, reflecting market concerns [18]. - FCX is currently trading at a forward price/earnings ratio of 16.35X, slightly below the industry average of 16.64X [19].

GXO Logistics - GXO Logistics combines e-commerce, automation, AI, and analytics to offer outsourcing solutions for supply chain logistics, particularly in e-commerce warehousing [2] - The stock has been heavily sold off due to some customers rationing operations, but GXO has managed to replace lost revenue, although it takes time to reach profitability levels of mature contracts [3] - Analysts forecast GXO's earnings per share (EPS) to decline from $2.80 in 2024 to $2.48 in 2025, before rising to $2.99 in 2026, indicating a price-to-earnings (P/E) ratio of 13.5 times earnings, which is considered cheap given its long-term growth prospects [4] - The ongoing growth of e-commerce and the increasing complexity of productivity-enhancing technology will drive demand for e-commerce warehousing and logistics outsourcing [10] Tesla - Tesla holds a dominant position in the EV market despite high interest rates affecting auto sales, with a 44% share of the U.S. EV market [5][7] - The company benefits from its scale and first-mover advantage, allowing it to lower its cost per car to below $35,000, while maintaining superior profit margins compared to competitors [6] - Tesla plans to launch its robotaxi offering, the Tesla Cybercab, with volume production starting in 2026, which could significantly enhance its market value [8] - The 36% decline in Tesla's share price this year presents a potential buying opportunity, despite the associated risks [9] Freeport-McMoRan - Freeport-McMoRan's stock is trading 35% below its all-time high, despite the Chicago Metal Exchange price of copper being at an all-time high, indicating a disconnect likely due to skepticism about the sustainability of current prices [11] - The company is well-positioned to thrive in the current environment, with substantial existing mining operations in the U.S. and expansion projects that could increase copper production [12] - The ongoing demand for copper as a key metal in the electrification megatrend makes Freeport-McMoRan a strong long-term investment [13]

Group 1: Company Performance - Freeport-McMoRan Inc. (FCX) reported that its global mining operations met production expectations, but some first-quarter production was deferred due to shipment timing from PT Freeport Indonesia (PTFI) [1] - FCX expects consolidated copper sales for Q1 2025 to align with its January forecast of 850 million pounds, while gold sales are anticipated to be about 100,000 ounces lower than the forecast of 225,000 ounces [3] - The company estimates consolidated unit net cash costs for Q1 to be approximately 5% higher than the January guidance of $2.05 per pound of copper, primarily due to the timing of gold shipments [3] Group 2: Market Conditions - FCX anticipates its consolidated average realized copper price for Q1 to be around $4.40 per pound, exceeding the London Metal Exchange (LME) average quarterly settlement price of $4.24 per pound [4] - Approximately one-third of FCX's consolidated sales are tied to U.S. Commodity Exchange Inc. (COMEX) prices, which contributes to the higher expected selling price [4] Group 3: Stock Performance - FCX shares have declined by 21.8% over the past year, compared to a 16.2% decline in its industry [4] - The company currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook in the market [6]

Core Viewpoint - Freeport-McMoRan (FCX) is expected to report a decline in earnings and revenue in its upcoming earnings disclosure, with a projected EPS of $0.25, down 21.88% year-over-year, and quarterly revenue of $5.59 billion, down 11.5% from the previous year [2]. Group 1: Recent Performance - FCX shares closed at $37.86, down 1.46% from the previous trading session, underperforming the S&P 500's gain of 0.55% [1]. - Over the past month, FCX shares have appreciated by 4.09%, outperforming the Basic Materials sector's gain of 0.34% and the S&P 500's loss of 6.22% [1]. Group 2: Earnings Estimates - For the fiscal year, Zacks Consensus Estimates project earnings of $1.65 per share and revenue of $26.39 billion, reflecting increases of +11.49% and +3.69% respectively from the prior year [3]. - Recent changes to analyst estimates for FCX indicate a dynamic business outlook, with positive revisions seen as a favorable sign [3]. Group 3: Valuation Metrics - FCX has a Forward P/E ratio of 23.32, which is a premium compared to the industry's average Forward P/E of 18.88 [6]. - The company currently has a PEG ratio of 0.8, slightly above the Mining - Non Ferrous industry's average PEG ratio of 0.79 [7]. Group 4: Industry Ranking - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 213, placing it in the bottom 16% of all industries [8]. - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8].