Freeport-McMoRan Inc. (FCX) is set to release second-quarter 2024 results before the opening bell on Jul 23.The mining giant’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 23.5%, on average. While Freeport is expected to have gained from higher copper prices in the second quarter, increased costs and lower sales volumes are likely to have affected its results.The stock has gained 9.6% in the past year compared with ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Freeport-McMoRan (FCX) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than exp ...

In the latest trading session, Freeport-McMoRan (FCX) closed at $50.38, marking a +1.65% move from the previous day. This move outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%.Shares of the mining company witnessed a loss of 3.82% over the previous month, beating the performance of the Basic Materials sector with its loss of 6.38% and underperforming the S&P 500's gain of 2.73%.Analysts and investors alike will be keeping a close eye on the ...

Freeport-McMoRan (FCX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this mining company have returned -8.2%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Mining - Non Ferrous industry, which Freeport-McMoRan falls in, has lost 6.8%. The key question now is: What could be the stock's future direction?Althoug ...

mstahlphoto/E+ via Getty ImagesThe Copper Investment Thesis Remains Promising Ahead We previously discussed Freeport-McMoRan (NYSE:NYSE:FCX) in March 2024, discussing why we had rated the stock as a Buy attributed to the long-term electrification trend, with the miner likely to report higher top/ bottom lines as the copper spot prices rose. Combined with the projected climb in the copper spot prices over the next few years, we believed that the miner might deliver both capital appreciation and higher va ...

Electric vehicle sales are expected to accelerate this year, creating a big opportunity for some of the top EV stocks to buy.We have to remember that 2023 EV sales were strong. U.S. consumers, for example, bought 1.19 million EVs last year, up 46% year-over-year, according to Cox Automotive, as noted by Inside Climate News.It was the first time U.S. EV sales reached a million in a year.For 2024, sales are expected to increase anywhere from 20% to 30%. Plus, according to Michelle Krebs, executive auto analys ...

Freeport-McMoRan (FCX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this mining company have returned +5.7%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Mining - Non Ferrous industry, which Freeport-McMoRan falls in, has gained 0.5%. The key question now is: What could be the stock's future direction?Whi ...

In the latest market close, Freeport-McMoRan (FCX) reached $51.53, with a +0.64% movement compared to the previous day. This change lagged the S&P 500's 0.7% gain on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, added 1.1%.The mining company's stock has climbed by 3.64% in the past month, exceeding the Basic Materials sector's gain of 3.13% and lagging the S&P 500's gain of 4.03%.The investment community will be paying close attention to the earnings performance of Freeport-M ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this FCX commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Freeport-McMoRan Inc (NYSE:FCX) stock hit multi-year highs last week, after a bullish cup-and-handle breakout above $51.40-$51.70. This area is 1.5 times multiple 2023 closing lows, as well as its June 202 ...

A month has gone by since the last earnings report for Freeport-McMoRan (FCX) . Shares have added about 6.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Freeport-McMoRan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Freeport's Earnings and Revenues Surpass Est ...