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Stock impact report

Freeport-McMoRan Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Freeport-McMoRan delivered a significant beat with revenue hitting US$6.3b and statutory EPS reaching US$0.32, both beating estimates by more than 10%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. View our latest analysis for Freeport-McMoRan After the latest results, the 15 analysts covering Freeport-McMoRan are now predicting revenues of US$25.1b in 2024. If met, this would reflect an okay 5.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 37% to US$1.58. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$24.3b and earnings per share (EPS) of US$1.63 in 2024. Overall it looks as though the analysts were a bit m Show less Read more
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