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Freeport-McMoRan (FCX) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Freeport-McMoRan (FCX - Free Report) closed at $69.60, marking a -3.89% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
The mining company's stock has climbed by 4.38% in the past month, exceeding the Basic Materials sector's loss of 5.96% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Freeport-McMoRan in its upcoming release. The company plans to announce its earnings on October 27, 2026. The company's upcoming EPS is projected at $0.75, signifying a 50.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $7.09 billion, reflecting a 1.64% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.9 per share and revenue of $29.07 billion, which would represent changes of +63.84% and +12.16%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Freeport-McMoRan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.85% higher. Freeport-McMoRan currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Freeport-McMoRan is currently exchanging hands at a Forward P/E ratio of 24.95. This signifies a discount in comparison to the average Forward P/E of 25.54 for its industry.
Meanwhile, FCX's PEG ratio is currently 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Non Ferrous industry currently had an average PEG ratio of 1.29 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Freeport-McMoRan (FCX) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Freeport-McMoRan (FCX - Free Report) closed at $69.60, marking a -3.89% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
The mining company's stock has climbed by 4.38% in the past month, exceeding the Basic Materials sector's loss of 5.96% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Freeport-McMoRan in its upcoming release. The company plans to announce its earnings on October 27, 2026. The company's upcoming EPS is projected at $0.75, signifying a 50.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $7.09 billion, reflecting a 1.64% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.9 per share and revenue of $29.07 billion, which would represent changes of +63.84% and +12.16%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Freeport-McMoRan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.85% higher. Freeport-McMoRan currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Freeport-McMoRan is currently exchanging hands at a Forward P/E ratio of 24.95. This signifies a discount in comparison to the average Forward P/E of 25.54 for its industry.
Meanwhile, FCX's PEG ratio is currently 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Non Ferrous industry currently had an average PEG ratio of 1.29 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.