Freeport-McMoRan (FCX) Stock Declines While Market Improves: Some Information for Investors

Core Viewpoint - Freeport-McMoRan (FCX) is expected to report a decline in earnings and revenue in its upcoming earnings disclosure, with a projected EPS of $0.25, down 21.88% year-over-year, and quarterly revenue of $5.59 billion, down 11.5% from the previous year [2]. Group 1: Recent Performance - FCX shares closed at $37.86, down 1.46% from the previous trading session, underperforming the S&P 500's gain of 0.55% [1]. - Over the past month, FCX shares have appreciated by 4.09%, outperforming the Basic Materials sector's gain of 0.34% and the S&P 500's loss of 6.22% [1]. Group 2: Earnings Estimates - For the fiscal year, Zacks Consensus Estimates project earnings of $1.65 per share and revenue of $26.39 billion, reflecting increases of +11.49% and +3.69% respectively from the prior year [3]. - Recent changes to analyst estimates for FCX indicate a dynamic business outlook, with positive revisions seen as a favorable sign [3]. Group 3: Valuation Metrics - FCX has a Forward P/E ratio of 23.32, which is a premium compared to the industry's average Forward P/E of 18.88 [6]. - The company currently has a PEG ratio of 0.8, slightly above the Mining - Non Ferrous industry's average PEG ratio of 0.79 [7]. Group 4: Industry Ranking - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 213, placing it in the bottom 16% of all industries [8]. - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8].