Benzinga | Oct 20, 2021 10:15AM EDT

Freeport-McMoRan Earnings Preview

Freeport-McMoRan (NYSE:FCX) is set to give its latest quarterly earnings report on Thursday, 2021-10-21. Here's what investors need to know before the announcement.

Analysts estimate that Freeport-McMoRan will likely report an Earnings Per Share (EPS) of $0.82

Freeport-McMoRan bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by 2.67%, which was followed by a 1.12% increase in the share price the next day.

Here's a look at Freeport-McMoRan's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.75 0.51 0.38 0.20EPS Actual 0.77 0.51 0.39 0.29Price Change % 1.12% 5.18% -4.52% 0.05%

Stock Performance

Shares of Freeport-McMoRan were trading at $38.85 as of October 19. Over the last 52-week period, shares are up 108.83%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here