Freeport-McMoRan Inc FCX.N reported quarterly adjusted earnings of 31 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 7 cents to 32 cents per share.
Revenue fell 3.1% to $5.72 billion from a year ago; analysts expected $5.87 billion.
Freeport-McMoRan Inc's reported EPS for the quarter was 19 cents.
The company reported quarterly net income of $274 million.
Freeport-McMoRan Inc shares had risen by 2.7% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 45.4% in the last three months.
In the last 30 days, twelve analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the specialty mining & metals peer group is also "buy"
Wall Street's median 12-month price target for Freeport-McMoRan Inc is $53.50
This summary was machine generated from LSEG data January 23 at 01:41 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Dec. 31 2024 | 0.20 | 0.31 | Beat |
Sep. 30 2024 | 0.35 | 0.38 | Beat |
Jun. 30 2024 | 0.38 | 0.46 | Beat |
Mar. 31 2024 | 0.26 | 0.32 | Beat |