Freeport-McMoRan(FCX) ZACKS·2025-04-24 14:10Core Viewpoint - Freeport-McMoRan reported quarterly earnings of 0.32 per share a year ago [1] - The company generated revenues of 6.32 billion reported a year ago [2] Financial Performance - Earnings per share (EPS) for the latest quarter were 0.31, resulting in a surprise of 29.17% [1] - Over the last four quarters, Freeport-McMoRan has surpassed consensus EPS estimates two times [1] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - Freeport-McMoRan shares have declined approximately 7.6% year-to-date, compared to a decline of 8.6% for the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - Current consensus EPS estimate for the upcoming quarter is 6.82 billion, and for the current fiscal year, it is 26.33 billion [7] - The estimate revisions trend for Freeport-McMoRan is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Mining - Non Ferrous industry is currently in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]