Freeport-McMoRan (FCX) closed the most recent trading day at $44.46, moving +1.09% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq gained 0.74%.
The stock of mining company has risen by 6.8% in the past month, leading the Basic Materials sector's loss of 0.05% and the S&P 500's gain of 4.2%.
Analysts and investors alike will be keeping a close eye on the performance of Freeport-McMoRan in its upcoming earnings disclosure. The company's earnings report is set to go public on July 23, 2025. The company is predicted to post an EPS of $0.46, indicating constancy compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $7.12 billion, up 7.5% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.75 per share and revenue of $27.9 billion. These totals would mark changes of +18.24% and +9.59%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.55% upward. As of now, Freeport-McMoRan holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Freeport-McMoRan is holding a Forward P/E ratio of 25.07. This valuation marks a premium compared to its industry average Forward P/E of 21.36.
We can also see that FCX currently has a PEG ratio of 0.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Non Ferrous industry had an average PEG ratio of 0.81 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 42, placing it within the top 18% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Freeport-McMoRan Inc. (FCX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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