• Sun. Dec 4th, 2022

Freeport-McMoRan’s Earnings: A Preview – Benzinga

ByBenzinga Insights

Jul 20, 2022
Freeport-McMoRan's Earnings: A Preview - Benzinga

Freeport-McMoRan FCX is set to give its latest quarterly earnings report on Thursday, 2022-07-21. Here’s what investors need to know before the announcement.

Analysts estimate that Freeport-McMoRan will report an earnings per share (EPS) of $0.80.

Freeport-McMoRan bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.13, which was followed by a 6.76% drop in the share price the next day.

Here’s a look at Freeport-McMoRan’s past performance and the resulting price change:







Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.94 0.92 0.81 0.75
EPS Actual 1.07 0.96 0.89 0.77
Price Change % -6.76% -3.46% -1.95% 1.12%







Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.94 0.92 0.81 0.75
EPS Actual 1.07 0.96 0.89 0.77
Price Change % -6.76% -3.46% -1.95% 1.12%

Stock Performance

Shares of Freeport-McMoRan were trading at $28.5 as of July 19. Over the last 52-week period, shares are down 18.02%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Freeport-McMoRan visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.