Freeport-McMoRan (NYSE: FCX) announces its
next round of earnings this Thursday, Jan. 24. Here is Benzinga's everything-that-matters guide for the Q4 earnings
announcement.
Earnings and Revenue
Wall Street analysts see Freeport-McMoRan reporting earnings of 19 cents per share on revenue of $3.87 billion.
Freeport-McMoRan reported a profit of 51 cents when it published results during the same quarter last year. Sales in that period
totaled $5.04 billion. The Wall Street estimate would represent a 62.75 percent decline in the company's earnings. Sales would be
down 23.23 percent from the year-ago period. Here's how the Freeport-McMoRan's reported EPS has stacked up against analyst
estimates in the past:
| Quarter |
Q3 2018 |
Q2 2018 |
Q1 2018 |
Q4 2017 |
| EPS Estimate |
0.41 |
0.52 |
0.56 |
0.45 |
| EPS Actual |
0.35 |
0.58 |
0.46 |
0.51 |
Stock Performance
Over the last 52-week period, shares are down 37.98 percent. Given that these returns are generally negative, long-term
shareholders are probably down going into this earnings release. Analysts have adjusted their estimates lower for EPS and
revenues over the past 90 days. Analysts have been rating Freeport-McMoRan stock as Neutral. The strength of this rating has
maintained conviction over the past three months.
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