Freeport-McMoRan to Post Q3 Earnings: What's in Store for the Stock?

Core Insights - Freeport-McMoRan Inc. (FCX) is scheduled to announce its third-quarter 2025 results on October 23, before market opening [1] - The company has had mixed earnings performance, beating estimates in two of the last four quarters, missing once, and delivering in-line results on another occasion, with an average earnings surprise of approximately 10.4% [2] Revenue Estimates - The Zacks Consensus Estimate for FCX's third-quarter consolidated revenues is $6,598.2 million, indicating a year-over-year decrease of about 2.8% [6][8] Factors Affecting Performance - FCX is expected to benefit from favorable copper prices, which have been volatile due to global economic uncertainties, with an estimated average realized copper price of $4.4 per pound for the third quarter, reflecting a year-over-year increase of 2.2% [7][10] - The Grasberg Block Cave mine incident is anticipated to negatively impact sales volumes, with copper sales expected to be around 4% lower and gold sales about 6% lower than previous estimates [11] - Higher unit costs are also likely to affect performance, with estimated average unit net cash costs per pound of copper rising to $1.59, compared to $1.13 in the previous quarter [12] Earnings Prediction - The current Earnings ESP for FCX is -1.73%, and it holds a Zacks Rank of 4 (Sell), indicating that the model does not predict an earnings beat for this quarter [13][14]