Loading...
Market
What will be analysts' rating for Freeport-McMoRan by the end of 2024?
3
Resolution / Starting Odds
Underperform • 25%
Neutral • 25%
Outperform • 25%
Strong Buy • 25%
Analyst reports from financial platforms like Bloomberg or Yahoo Finance
Story
Freeport-McMoRan Surpasses Q3 Profit Estimates with EPS $0.38, Revenue $6.79B on Higher Copper Prices
Oct 22, 2024, 12:29 PM
Freeport-McMoRan reported its third-quarter 2024 earnings, surpassing profit estimates due to higher copper prices. The company achieved an adjusted EPS of $0.38, matching projections, and reported revenue of $6.79 billion, up from $6.46 billion in the previous year. Net income attributable to common stock was $526 million, or $0.36 per share, while adjusted net income was $556 million, or $0.38 per share. Adjusted EBITDA for the quarter was $2.692 billion, up 22.5% year-over-year, and adjusted net leverage was 0.5x. Despite a 4.5% year-over-year decline in copper production to 1.05 billion pounds, Freeport-McMoRan's stock has seen a 41.4% increase over the last year. Analysts have given the company an outperform rating.
View original story
Similar markets
Mostly positive • 25%
Mostly neutral • 25%
Mostly negative • 25%
Mixed • 25%
Above $20 • 25%
$18-$20 • 25%
$16-$18 • 25%
Below $16 • 25%
Increase by more than 10% • 25%
Increase by 0-10% • 25%
Decrease by 0-10% • 25%
Decrease by more than 10% • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Below $50 • 25%
$50 to $75 • 25%
$75 to $100 • 25%
Above $100 • 25%
Below $30 • 25%
$30 to $40 • 25%
$40 to $50 • 25%
Above $50 • 25%
Outperforms S&P 500 • 25%
Underperforms S&P 500 • 25%
Outperforms Dow Jones • 25%
Underperforms Dow Jones • 25%
All three outperform market • 25%
Two outperform market • 25%
One outperforms market • 25%
None outperform market • 25%
Less than TWD 120 • 25%
TWD 120 to TWD 140 • 25%
TWD 140 to TWD 160 • 25%
More than TWD 160 • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%