Freeport-McMoRan (FCX) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - Freeport-McMoRan is expected to report EPS of $0.38, reflecting a 40.74% increase from the prior-year quarter [1] - The consensus estimate for quarterly revenue is $6.02 billion, which is a 1.91% increase from the year-ago period [1] - For the full year, analysts expect earnings of $1.49 per share and revenue of $25.86 billion, indicating changes of -3.25% and +13.13% respectively from last year [10] Valuation Metrics - Freeport-McMoRan currently has a PEG ratio of 2.68, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.92 [3] - The company has a Forward P/E ratio of 25.69, which is a premium relative to the industry's average Forward P/E of 19.3 [7] Stock Performance - Shares of Freeport-McMoRan have depreciated by 12.61% over the past month, underperforming the Basic Materials sector's loss of 8.81% and the S&P 500's loss of 0.71% [5] - The most recent trading session ended with Freeport-McMoRan at $38.88, reflecting a +1.66% shift from the previous trading day's closing [9] Analyst Sentiment - Recent revisions to analyst forecasts for Freeport-McMoRan are important, as upward revisions indicate analysts' positivity towards the company's business operations [6] - The Zacks Rank for Freeport-McMoRan is currently 3 (Hold), with a 1.22% fall in the Zacks Consensus EPS estimate over the past month [11] Industry Context - The Mining - Non Ferrous industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 135, placing it in the bottom 47% of all 250+ industries [12]