Freeport-McMoRan Inc reports results for the quarter ended March 31 - Earnings Summary

• Freeport-McMoRan Inc FCX.N reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 14 cents to 39 cents per share.

• Revenue fell 9.4% to $5.73 billion from a year ago; analysts expected $5.44 billion.

• Freeport-McMoRan Inc's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $352 million.

• Freeport-McMoRan Inc shares had fallen by 7.1% this quarter and lost 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.5% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 6 "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 $46.00

This summary was machine generated from LSEG data April 24 at 01:33 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)