Analysts Estimate Freeport-McMoRan (FCX) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Freeport-McMoRan due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected on April 24, 2025, with a consensus EPS estimate of $0.24, reflecting a 25% decrease year-over-year [3]. - Revenues are projected to be $5.31 billion, down 16% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 9.79% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from the consensus estimate, with positive readings being more predictive [7][8]. - Freeport-McMoRan currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, Freeport-McMoRan exceeded the expected EPS of $0.24 by delivering $0.31, resulting in a surprise of +29.17% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While Freeport-McMoRan does not appear to be a strong candidate for an earnings beat, other factors should be considered for investment decisions ahead of the earnings release [16].