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Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
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Freeport-McMoRan (FCX - Free Report) ended the recent trading session at $71.14, demonstrating a -1% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.47%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 1.25%.
The stock of mining company has fallen by 5.73% in the past month, leading the Basic Materials sector's loss of 9.59% and undershooting the S&P 500's gain of 1.15%.
The upcoming earnings release of Freeport-McMoRan will be of great interest to investors. The company's earnings report is expected on October 27, 2026. It is anticipated that the company will report an EPS of $0.73, marking a 46% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.05 billion, showing a 1.11% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.9 per share and revenue of $28.76 billion, indicating changes of +63.84% and +10.96%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.6% upward. Freeport-McMoRan currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Freeport-McMoRan has a Forward P/E ratio of 24.81 right now. This signifies a discount in comparison to the average Forward P/E of 25.17 for its industry.
Investors should also note that FCX has a PEG ratio of 0.69 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining - Non Ferrous industry currently had an average PEG ratio of 0.95 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 223, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
Freeport-McMoRan (FCX - Free Report) ended the recent trading session at $71.14, demonstrating a -1% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.47%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 1.25%.
The stock of mining company has fallen by 5.73% in the past month, leading the Basic Materials sector's loss of 9.59% and undershooting the S&P 500's gain of 1.15%.
The upcoming earnings release of Freeport-McMoRan will be of great interest to investors. The company's earnings report is expected on October 27, 2026. It is anticipated that the company will report an EPS of $0.73, marking a 46% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.05 billion, showing a 1.11% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.9 per share and revenue of $28.76 billion, indicating changes of +63.84% and +10.96%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.6% upward. Freeport-McMoRan currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Freeport-McMoRan has a Forward P/E ratio of 24.81 right now. This signifies a discount in comparison to the average Forward P/E of 25.17 for its industry.
Investors should also note that FCX has a PEG ratio of 0.69 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining - Non Ferrous industry currently had an average PEG ratio of 0.95 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 223, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.