Will Freeport-McMoRan Copper & Gold Beat These Analyst Estimates?

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Freeport-McMoRan Copper & Gold (NYS: FCX) is expected to report Q2 earnings around July 22. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Freeport-McMoRan Copper & Gold's revenues will wane -1.1% and EPS will compress -42.5%.

The average estimate for revenue is $4.43 billion. On the bottom line, the average EPS estimate is $0.46.


Revenue details
Last quarter, Freeport-McMoRan Copper & Gold chalked up revenue of $4.58 billion. GAAP reported sales were 0.5% lower than the prior-year quarter's $4.61 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.73. GAAP EPS of $0.68 for Q1 were 15% lower than the prior-year quarter's $0.80 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 40.7%, 660 basis points worse than the prior-year quarter. Operating margin was 29.6%, 810 basis points worse than the prior-year quarter. Net margin was 14.1%, 250 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $21.56 billion. The average EPS estimate is $2.94.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,806 members out of 6,006 rating the stock outperform, and 200 members rating it underperform. Among 957 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 911 give Freeport-McMoRan Copper & Gold a green thumbs-up, and 46 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Freeport-McMoRan Copper & Gold is outperform, with an average price target of $40.00.

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The article Will Freeport-McMoRan Copper & Gold Beat These Analyst Estimates? originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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