Can Freeport-McMoRan Copper & Gold Meet These Numbers?
Freeport-McMoRan Copper & Gold (NYS: FCX) is expected to report Q2 earnings around July 18. 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 shrink -22.4% and EPS will contract -42.9%.
The average estimate for revenue is $4.51 billion. On the bottom line, the average EPS estimate is $0.84.
Last quarter, Freeport-McMoRan Copper & Gold booked revenue of $4.61 billion. GAAP reported sales were 19% lower than the prior-year quarter's $5.71 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.96. GAAP EPS of $0.80 for Q1 were 49% lower than the prior-year quarter's $1.57 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 47.3%, 1,110 basis points worse than the prior-year quarter. Operating margin was 37.7%, 1,370 basis points worse than the prior-year quarter. Net margin was 16.6%, 970 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $19.33 billion. The average EPS estimate is $3.81.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,744 members out of 5,936 rating the stock outperform, and 193 members rating it underperform. Among 1,115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,076 give Freeport-McMoRan Copper & Gold a green thumbs-up, and 39 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 $52.85.
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The article Can Freeport-McMoRan Copper & Gold Meet These Numbers? 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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