Can Freeport-McMoRan Copper & Gold Beat These Numbers?
Freeport-McMoRan Copper & Gold (NYS: FCX) is expected to report Q3 earnings around Oct. 21. 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 -16.0% and EPS will contract -34.5%.
The average estimate for revenue is $4.37 billion. On the bottom line, the average EPS estimate is $0.72.
Last quarter, Freeport-McMoRan Copper & Gold reported revenue of $4.48 billion. GAAP reported sales were 23% lower than the prior-year quarter's $5.81 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 $0.80. GAAP EPS of $0.74 for Q2 were 48% lower than the prior-year quarter's $1.43 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 41.4%, 1,460 basis points worse than the prior-year quarter. Operating margin was 29.3%, 1,810 basis points worse than the prior-year quarter. Net margin was 15.9%, 760 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $18.71 billion. The average EPS estimate is $3.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,750 members out of 5,941 rating the stock outperform, and 191 members rating it underperform. Among 1,162 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,126 give Freeport-McMoRan Copper & Gold a green thumbs-up, and 36 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 $50.41.
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The article Can Freeport-McMoRan Copper & Gold Beat 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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