Core Insights - Freeport-McMoRan reported revenue of $5.72 billion for the quarter ended December 2024, a decrease of 3.1% year-over-year, and an EPS of $0.31, up from $0.27 in the same quarter last year, indicating a positive EPS surprise of 29.17% compared to the consensus estimate [1] Financial Performance - The reported revenue was 3.41% below the Zacks Consensus Estimate of $5.92 billion [1] - Average realized price per pound of copper was $4.21, exceeding the three-analyst average estimate of $4.06 [4] - Gold sales in North America were 7 Koz, significantly higher than the estimated 4.2 Koz [4] - Gold sales in Indonesia reached 343 Koz, slightly above the estimated 338.45 Koz [4] - Copper sales from Indonesia's Grasberg mine were 376 million pounds, below the estimated 392.99 million pounds [4] - Total copper sales in South America were 298 million pounds, slightly above the estimated 290.17 million pounds [4] Revenue Breakdown - Revenues from Indonesia were $2.25 billion, a year-over-year decline of 17.9%, and below the estimated $2.28 billion [4] - Molybdenum revenues were $177 million, representing a 12.7% increase year-over-year, but below the estimated $260.66 million [4] - Revenues from South America copper mines were $1.21 billion, reflecting an 8.5% year-over-year increase, and slightly below the estimated $1.22 billion [4] - North America copper mines generated $1.61 billion, a 15.2% increase year-over-year, exceeding the estimated $1.35 billion [4] - Rod & Refining revenues were $1.47 billion, close to the estimated $1.48 billion, with an 8.8% year-over-year increase [4] - Atlantic Copper Smelting & Refining revenues were $679 million, below the estimated $765.75 million, with a 12.1% year-over-year increase [4] - Corporate, other & eliminations reported -$1.66 billion, worse than the estimated -$1.44 billion, but showing a 14.5% year-over-year improvement [4] Stock Performance - Freeport-McMoRan shares returned -0.3% over the past month, while the Zacks S&P 500 composite increased by 2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Group 1: Earnings Performance - Freeport-McMoRan reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.27 per share a year ago, representing an earnings surprise of 29.17% [1] - The company posted revenues of $5.72 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.41%, and down from $5.91 billion year-over-year [2] - Over the last four quarters, Freeport-McMoRan has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Freeport-McMoRan shares have increased by approximately 2.7% since the beginning of the year, compared to the S&P 500's gain of 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $6.18 billion, and for the current fiscal year, it is $1.81 on revenues of $26.93 billion [7] Group 3: Industry Context - The Mining - Non Ferrous industry, to which Freeport-McMoRan belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Earnings and Stock Performance - Freeport-McMoRan Inc (FCX) is set to announce quarterly results on Jan 23, with analysts expecting earnings of 25 cents per share [1] - Weaker copper prices in Q4 are likely to impact the company's performance [1] - FCX's stock has shown mixed post-earnings results, with an average 2.7% move after earnings announcements in the past two years [2] - Options traders are pricing in a 6% next-day swing following the upcoming earnings report [2] - FCX's stock is down 1.8% at $39.59, potentially ending a six-day win streak [3] - The stock has risen since hitting a 10-month low of $37.19 on Jan 3, with year-over-year and year-to-date gains of approximately 4% [3] Options and Volatility Analysis - Options trading appears to be a favorable strategy for FCX, as the Schaeffer's Volatility Index (SVI) of 34% indicates low volatility expectations, ranking in the low 20th percentile of its annual range [4] - FCX's Schaeffer's Volatility Scorecard (SVS) of 81 out of 100 suggests the stock has consistently exceeded low volatility expectations over the past year [4]

Core Viewpoint - Freeport-McMoRan Inc. (FCX) is expected to report its fourth-quarter 2024 results on January 23, with anticipated challenges due to weaker copper prices and sales volumes impacting performance [1][2]. Revenue Estimates - The Zacks Consensus Estimate for FCX's fourth-quarter consolidated revenues is $6,003 million, indicating a year-over-year increase of approximately 1.7% [5]. Factors Impacting Performance - Weaker copper prices, driven by reduced demand in China due to the property crisis, are likely to have negatively affected FCX's performance in the fourth quarter [6]. - Copper prices experienced volatility, with a nearly 12% decline in the fourth quarter, closing at around $4 per pound. The estimated average realized price for copper for FCX is $4.06 per pound, reflecting a sequential decline of 5.6% [7]. - Lower sales volumes are also expected to impact performance, with third-quarter copper sales volumes down roughly 7% year-over-year. FCX anticipates consolidated copper sales of 980 million pounds for the fourth quarter, down from 1,035 million pounds in the prior quarter [8]. Earnings Prediction Model - The earnings prediction model does not indicate a conclusive earnings beat for FCX this quarter, with an Earnings ESP of -0.38%. The Zacks Consensus Estimate for earnings is currently set at 25 cents [9][10].

Group 1 - Stock Waves is a team that provides real-time Elliott Wave technical analysis on selected stocks, led by Zac Mannes and Garrett Patten, with contributions from Lyn Alden Schwartzer [1] - The service has reportedly enabled users to achieve significant returns, with some trades yielding 7-10x returns and others providing 3-5x returns [1] Group 2 - The analyst has a beneficial long position in Freeport-McMoran (FCX) through stock ownership, options, or other derivatives [2] - The analyst may adjust their position in FCX based on support and invalidation levels provided to members [3]

Group 1: Stock Performance - Freeport-McMoRan (FCX) closed at $40.22, reflecting a +0.47% change from the previous session, which is less than the S&P 500's daily gain of 1% [1] - Over the last month, FCX shares increased by 4.68%, outperforming the Basic Materials sector's loss of 3.81% and the S&P 500's loss of 2.14% [1] Group 2: Upcoming Earnings - Freeport-McMoRan is set to announce its earnings on January 23, 2025, with an expected EPS of $0.29, indicating a 7.41% growth compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $6.08 billion, which is a 3% increase from the year-ago period [2] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Freeport-McMoRan indicate the dynamic nature of near-term business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Freeport-McMoRan at 3 (Hold) [5] - Over the past month, there has been a 7.6% decline in the Zacks Consensus EPS estimate [5] Group 4: Valuation Metrics - Freeport-McMoRan is trading at a Forward P/E ratio of 21.11, which aligns with the industry's average Forward P/E of 21.11 [6] - The company has a PEG ratio of 2.2, compared to the Mining - Non Ferrous industry's average PEG ratio of 1.94 [7] Group 5: Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 168, placing it within the bottom 34% 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]

In its upcoming report, Freeport-McMoRan (FCX) is predicted by Wall Street analysts to post quarterly earnings of $0.29 per share, reflecting an increase of 7.4% compared to the same period last year. Revenues are forecasted to be $6.08 billion, representing a year-over-year increase of 3%.The consensus EPS estimate for the quarter has undergone a downward revision of 19.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ini ...

In the latest trading session, Freeport-McMoRan (FCX) closed at $40.03, marking no change from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.21% for the day. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.89%.Coming into today, shares of the mining company had gained 3.41% in the past month. In that same time, the Basic Materials sector lost 5.13%, while the S&P 500 lost 1.56%.Analysts and investors alike will be keepi ...

The most recent trading session ended with Freeport-McMoRan (FCX) standing at $38.88, reflecting a +1.66% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.03%.Shares of the mining company have depreciated by 12.61% over the course of the past month, underperforming the Basic Materials sector's loss of 8.81% and the S&P 500's loss of 0.71%.The investment community will be closely ...

With 2024 nearing a close, now is a great time to reflect on your financial journey and look for stocks than can help you achieve your goals in 2025 and beyond. If your objectives include generating passive income, then you've come to the right place.Freeport-McMoRan (FCX -1.29%), York Water (YORW 0.49%), and PepsiCo (PEP 1.18%) have all tumbled this year while the broader indexes are hovering around all-time highs. Here's what makes all three dividend stocks compelling buys before the new year. Freeport-Mc ...