Freeport-McMoRan (FCX) Rises Yet Lags Behind Market: Some Facts Worth Knowing

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]