In the latest trading session, Freeport-McMoRan (FCX) closed at $41.18, marking a -1.25% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.53%. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq gained 0.52%.
Prior to today's trading, shares of the mining company had lost 7.19% lagged the Basic Materials sector's gain of 1.73% and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of Freeport-McMoRan in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 23, 2025. The company is forecasted to report an EPS of $0.41, showcasing a 7.89% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.6 billion, indicating a 2.82% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.47 per share and revenue of $24.94 billion, indicating changes of -0.68% and -2.03%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Freeport-McMoRan. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 17.11% lower. Freeport-McMoRan currently has a Zacks Rank of #4 (Sell).
Investors should also note Freeport-McMoRan's current valuation metrics, including its Forward P/E ratio of 28.43. This denotes a premium relative to the industry average Forward P/E of 27.98.
We can also see that FCX currently has a PEG ratio of 0.95. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Mining - Non Ferrous industry currently had an average PEG ratio of 0.95 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 13, placing it within the top 6% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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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