In the latest close session, Freeport-McMoRan (FCX) was down 2.08% at $58.71. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.06%.
The stock of mining company has risen by 25.13% in the past month, leading the Basic Materials sector's gain of 8.18% and the S&P 500's gain of 1.99%.
The investment community will be closely monitoring the performance of Freeport-McMoRan in its forthcoming earnings report. The company is scheduled to release its earnings on January 22, 2026. The company is expected to report EPS of $0.28, down 9.68% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.05 billion, down 11.7% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.55 per share and a revenue of $25.29 billion, demonstrating changes of +4.73% and 0%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Freeport-McMoRan. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 14.06% increase. Freeport-McMoRan is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Freeport-McMoRan is presently trading at a Forward P/E ratio of 26.82. This valuation marks a discount compared to its industry average Forward P/E of 28.06.
Meanwhile, FCX's PEG ratio is currently 0.73. 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 0.73 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 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.
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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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