Freeport-McMoRan (FCX) reported $6.32 billion in income for the quarter ended March 2024, representing a year-over-year improve of 17.3%. EPS of $0.32 for a similar interval compares to $0.52 a yr in the past.
The reported income represents a shock of +11.74% over the Zacks Consensus Estimate of $5.66 billion. With the consensus EPS estimate being $0.27, the EPS shock was +18.52%.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders mission a inventory’s value efficiency extra precisely.
Right here is how Freeport-McMoRan carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Common realized value per pound – Copper: $3.94 versus the three-analyst common estimate of $3.88.
- Manufacturing in thousands and thousands of kilos – Molybdenum – South America: 3 Mlbs versus 5.48 Mlbs estimated by three analysts on common.
- Manufacturing in thousands and thousands of kilos – Molybdenum – By-product – North America: 7 Mlbs versus the three-analyst common estimate of seven.1 Mlbs.
- Gross sales in hundreds of Ounces – Gold – North America: 4 Koz versus the three-analyst common estimate of 4.39 Koz.
- Gross sales in hundreds of ounces – Gold – Consolidated foundation: 568 Koz versus the three-analyst common estimate of 574.23 Koz.
- Revenues- Indonesia: $2.83 billion versus the three-analyst common estimate of $2.54 billion. The reported quantity represents a year-over-year change of +106.5%.
- Revenues- Molybdenum: $145 million in comparison with the $238.86 million common estimate based mostly on three analysts. The reported quantity represents a change of -35% yr over yr.
- Revenues- South America copper mines: $1.14 billion versus the three-analyst common estimate of $1.11 billion. The reported quantity represents a year-over-year change of -20.9%.
- Revenues- North America copper mines: $1.50 billion versus the three-analyst common estimate of $1.34 billion. The reported quantity represents a year-over-year change of -10.1%.
- Revenues- Rod & Refining: $1.50 billion versus $1.38 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -2% change.
- Revenues- Atlantic Copper Smelting & Refining: $673 million versus $680.93 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -11% change.
- Revenues- Company, different & eliminations: -$1.46 billion versus -$1.80 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -8.4% change.
View all Key Company Metrics for Freeport-McMoRan here>>>
Shares of Freeport-McMoRan have returned +7.9% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
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