Freeport-McMoRan (FCX) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Freeport-McMoRan reported quarterly earnings of $0.5 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, and showing an increase from $0.38 per share a year ago, resulting in an earnings surprise of +21.95% [1] - The company achieved revenues of $6.97 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 6.53% and up from $6.79 billion year-over-year [2] - Freeport-McMoRan shares have increased approximately 7.1% year-to-date, underperforming the S&P 500's gain of 13.9% [3] Earnings Outlook - The future performance of Freeport-McMoRan's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $5.14 billion, and for the current fiscal year, it is $1.39 on revenues of $24.92 billion [7] Industry Context - The Mining - Non Ferrous industry, to which Freeport-McMoRan belongs, is currently ranked in the top 8% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The correlation between near-term stock movements and earnings estimate revisions suggests that tracking these revisions can provide insights into stock performance [5]