FCX Earnings Prediction
The chart below shows how FCX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FCX sees a +1.49% change in stock price 10 days leading up to the earnings, and a -1.68% change 10 days following the report. On the earnings day itself, the stock moves by +0.53%. This data can give you a slight idea of what to expect for the next quarter's release.
FCX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.79B
16.59%
2.51%
Gross Margin
31.12%
4.29%
-7.98%
Operating Margin
28.79%
11.24%
-7.16%
Net Margin
18.20%
9.97%
-5.80%
EPS
0.36
16.13%
-16.28%
No Data Available
FCX Earnings Analysis
Freeport-McMoRan Inc Corporation (FCX.N) Earnings Conference Call
Positive
Strong EBITDA and Cash Flow: Generated $2.7 billion in EBITDA and $1.9 billion in operating cash flows during Q3 2024, reflecting strong margins and cash generation capabilities.
Strong Sales Performance: Sales volumes for both copper and gold exceeded guidance, contributing to favorable unit cash cost performance compared to both guidance and the previous year.
Copper Production Increase: Incremental copper production from the leach initiative was nearly 70% higher in the first nine months of 2024 compared to the same period last year, showcasing significant growth in production efficiency.
Increased Share Ownership: Acquired an additional 5.3 million shares of Cerro Verde for $210 million, increasing ownership from 53.6% to 55%, enhancing exposure to a high-quality asset.
EBITDA Projections and Copper Prices: Projected annual EBITDA could range from $11 billion at $4 copper to approximately $15 billion at $5 copper, indicating strong leverage to copper prices and robust cash flow generation potential.
Negative
Cash Flow Challenges Ahead: Operating cash flows decreased to $1.9 billion, down from previous estimates, indicating potential cash flow challenges ahead.
Production Delay Impact: The smelter fire incident in Indonesia has led to temporary suspension of start-up activities, which could delay production and impact future revenues.
Rising Unit Cash Costs: Unit net cash costs in North America are projected to remain above $3 per pound, reflecting ongoing cost pressures and inefficiencies in operations.
Labor Agreement Charge Impact: The company reported a non-recurring charge of $0.12 per pound related to a new labor agreement at Cerro Verde, which negatively impacted overall cost performance.
Copper Production Challenges: Despite strong demand for copper, the company faces challenges in maintaining production levels due to lower ore grades and rising operational costs.
FCX FAQs
How does FCX typically perform around its earnings report dates?
Is Earnings call transcript: Freeport-McMoRan Q3 2024 beats EPS forecast, stock dips positive or negative?
How can historical earnings data help predict future stock performance?
FCX Earning Call Sentiment
Earnings call transcript: Freeport-McMoRan Q3 2024 beats EPS forecast, stock dips
FCX.N
-3.02%Positive
The earnings call summary indicates strong financial performance with significant EBITDA and operating cash flows, improved cost management, and increased shareholder returns. The Q&A section reveals some uncertainties regarding export delays and smelter repairs, but management's confidence in addressing these issues, along with potential future share buybacks, offsets concerns. Overall, the positive financial metrics, ongoing initiatives, and shareholder-friendly actions suggest a positive sentiment, likely resulting in a 2% to 8% stock price increase over the next two weeks.