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.
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 $2.92, which is worse than the estimate ninety days ago.
Here’s how Freeport-mcmoran Copper & Gold has been performing on an annual basis:
|Revenue ($) 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|
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.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)