Freeport Copper 2Q Earnings Pregame Scorecard

Having exceeded expectations last quarter by 11 cents per share, Freeport Copper (NYSE:FCX) is scheduled to report again on Thursday.


Analysts currently expect Freeport Copper to come in with earnings of 82 cents per share on revenues of $4.51 billion. Analyst estimates range from 64 cents per share to 98 cents per share. Over the past three months, the average estimate has moved down from 94 cents.

Last Quarter's Results

In the first quarter, profit fell 49% to $764 million (80 cents a share) from $1.5 billion ($1.57 a share) the year earlier, but exceeded analyst expectations. Revenue fell 19.3% to $4.61 billion from $5.71 billion.

Stock Ratings

The average analyst rating of the stock has stayed unchanged from three months prior.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $3.86 per share between June 26, 2012 and July 5, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $5.06 (-13.2%), from $38.29 to $33.23.

Company Fundamental Trends


Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012 before market open

EPS: 82 cents

Revenue Estimate: $4.51 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)