Freeport-mcmoran Copper & Gold: Here’s What Investors Need to Know Before Earnings

Freeport-mcmoran Copper & Gold (NYSE:FCX) will report earnings before markets open on Tuesday, July 23rd. Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.

Here is your Cheat Sheet to Freeport-mcmoran Copper & Gold Earnings:

Earnings Expectations: Analysts expect earnings of $0.44 per share on revenues of $4.30 billion. Currently, the company’s P/E ratio stands at 9.21.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.03 to a profit $0.72. For the current year, the average estimate is a profit of $2.92, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Freeport-mcmoran Copper & Gold has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 17,796 15,040 18,982 20,880 18,010
Diluted EPS ($) -14.86 2.93 4.57 4.78 3.19

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 4,475.00 4,417.00 4,513.00 4,583.00
Diluted EPS ($) 0.74 0.86 0.78 0.68

Past Performance:
Freeport-mcmoran Copper & Gold has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More from The Cheat Sheet