Freeport-McMoRan (FCX) Beats Q4 Earnings Estimates

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]