Freeport-McMoRan's Quarterly Earnings Preview: What You Need to Know

Core Insights - Freeport-McMoRan Inc. (FCX) is a leading international metals company focused on copper production, with a market cap of $58.4 billion [1] - Analysts expect FCX to report a profit of $0.43 per share for Q3 2025, reflecting a 13.2% increase from $0.38 per share in the same quarter last year [2] - For the full fiscal year, EPS is projected to be $1.52, a 2.7% increase from $1.48 in fiscal 2024, with further growth expected to $1.94 in fiscal 2026 [3] Performance Analysis - FCX stock has underperformed the S&P 500 Index, which gained 17.9% over the past 52 weeks, with FCX shares down 19.9% during the same period [4] - The company's underperformance is linked to production disruptions at its Grasberg mine, compounded by political risks in Indonesia, which may continue to affect copper supply [5] Recent Financial Results - In Q2, FCX reported an adjusted EPS of $0.54, exceeding Wall Street's expectation of $0.46, with revenue of $7.6 billion surpassing forecasts of $7.1 billion [6] Analyst Ratings - The consensus opinion on FCX stock is moderately bullish, with a "Moderate Buy" rating; 10 out of 19 analysts recommend a "Strong Buy," while three suggest a "Moderate Buy," and six give a "Hold" [7] - The average analyst price target for FCX is $46.64, indicating a potential upside of 14.6% from current levels [7]