Freeport-McMoRan Copper & Gold Earnings Preview
Freeport-McMoRan Copper & Gold (NYS: FCX) will try to beat its earnings estimates for the fifth consecutive quarter. The company will unveil its latest earnings on Wednesday. Freeport-McMoRan Copper & Gold is an international company that mines copper, gold and molybdenum.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with 13 analysts rating it as a buy and only one rating it as a sell. Analysts like Freeport-McMoRan Copper & Gold better than competitor Newmont Mining overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $4.92 billion in revenue this quarter. That would represent a decline of 4.5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $1.21 per share. Estimates range from $0.82 to $1.51.
What our community says:
CAPS All-Stars are solidly behind the stock with 97.1% giving it an outperform rating. The community at large agrees with the All-Stars with 96.6% awarding it a rating of outperform. Fools are gung-ho about Freeport-McMoRan Copper & Gold and haven't been shy with their opinions lately, logging 1,878 posts in the past 30 days. Even with a robust four out of five stars, Freeport-McMoRan Copper & Gold's CAPS rating falls a little short of the community's upbeat outlook.
Freeport-McMoRan Copper & Gold's profit has risen year over year by an average of 59.2% over the past five quarters. The company increased its gross margin by 12 percentage points in the last quarter. Revenue rose 50.5% while cost of sales rose 20.7% to $2.82 billion from a year earlier.
One final thing: If you want to keep tabs on Freeport-McMoRan Copper & Gold movements, and for more analysis on the company, make sure you add it to your watchlist.
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At the time this article was published