Freeport-McMoran, Inc. (NYSE:FCX) leader in natural resources, is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.03 per share.
For the full year, analysts predict revenues of $ 12873.30 million, while looking forward to income of $ 0.09 per share.
Previous Quarter Performance
Freeport-McMoran, Inc. reported loss for the first quarter of $ 0.16 per share, from the revenue of $ 2,798.00 million. The quarterly revenues shrunk 26.21 percent compared with the same quarter last year. Street analysts expected Freeport-McMoran, Inc. to report loss of $ 0.18 per share on revenue of $ 2895.78 million for the first quarter. The bottom line results beat street analysts by $ 0.02 or 11.11 percent, at the same time, top line results fell short of analysts by $ 97.78 million or 3.38 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Freeport-McMoran, Inc.
Stock Performance
According to the previous trading day, closing price of FCX was $ 13.62, representing a 182.57 % increase from the 52 week low of $ 4.82 and a 1.8 % decrease over the 52 week high of $ 13.87.
The company has a market capital of $ 19.78 billion and is part of the Basic Materials sector and Copper industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”FCX” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 7th July 2020, maintained by Credit Suisse Group at Neutral rating, with $ 11.50 target price.
On 23rd June 2020, maintained by Morgan Stanley at Overweight rating, with $ 12.50 target price.
On 9th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 11.40 target price.
Conference Call
Freeport-McMoran, Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fcx.com
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas.
