Key Takeaways:
- Freeport-McMoRan anticipates a significant decline in first-quarter earnings and revenue.
- Analysts suggest a potential 28.83% upside based on price targets.
- The stock is currently rated as "Outperform" by brokerage firms.
Anticipated Earnings Report for Freeport-McMoRan (FCX, Financial)
Freeport-McMoRan Inc. (NYSE: FCX) is preparing to release its first-quarter earnings report, with analysts forecasting a noteworthy decline in its key financial metrics. The expected earnings per share (EPS) is projected at $0.24, reflecting a 25% decrease compared to the previous year. Additionally, revenue is anticipated to reach $5.47 billion, signifying a 13% drop year-over-year. It's important to note that shipment delays in Indonesia have impacted Q1 gold sales, yet the company has upheld its full-year guidance.
Analysts' Price Target Predictions
The financial community has been abuzz with predictions, with 18 analysts setting an average one-year price target of $45.99 for Freeport-McMoRan Inc. (FCX, Financial). These forecasts range from a high of $60.04 to a low of $30.12, suggesting a potential upside of 28.83% from the current stock price of $35.70. For more comprehensive estimate data, investors can visit the Freeport-McMoRan Inc (FCX) Forecast page.
Current Analyst Recommendations
Delving into consensus opinions from 22 brokerage firms, Freeport-McMoRan Inc. (FCX, Financial) is presently carrying an average brokerage recommendation of 2.1. This indicates an "Outperform" status, on a rating scale of 1 to 5—where 1 represents a Strong Buy, and 5 denotes a Sell.
GF Value Estimation
According to GuruFocus estimates, the GF Value for Freeport-McMoRan Inc. (FCX, Financial) over the next year is projected at $47.28. This estimation suggests an upside of 32.44% from its current trading price of $35.70. GF Value offers an assessment of the stock's fair trading value, calculated using historical trading multiples, past business growth, and future business performance projections. For a deeper dive into these estimates, explore the Freeport-McMoRan Inc (FCX) Summary page.
