Freeport-McMoran, Inc. (NYSE:FCX) Expected To Post $0.2

Research analysts are predicting that Freeport-McMoran, Inc. (NYSE:FCX) will report earnings of $0.2 per share when the firm issues their quarterly report today.  This is the consensus earnings per share number according to data from Zack’s Research. 

In the most recent quarter Freeport-McMoran, Inc. (NYSE:FCX) posted a surprise factor of -11.76%. The actual number was $-0.02 away from the Zacks analyst consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.

Projected Stock Movement
Research analysts covering shares of Freeport-McMoran, Inc. (NYSE:FCX) are anticipating on a consensus basis that the stock will reach $13.041 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $20 target on the stock. On the other end, the most conservative has a short term target of $8. This is based on the 12 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-18.

Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Freeport-McMoran, Inc. (NYSE:FCX) currently has an ABR of 2.69 heading into today’s announcement. This number is also based on the 12 sell-side firms polled by Zacks.

Investors are usually striving to find that next big stock to add to the portfolio. With markets still riding high, investors will be closely watching the numbers as companies start reporting quarterly earnings results. Investors will also be keeping an eye on key economic data over the next few weeks. Many individual investors will approach the stock market from various angles. This may include following fundamental and technical information, and it may also include following analyst projections.

This article is informational purposes only and should not be considered a recommendation to buy or sell Freeport-McMoran, Inc.. 

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