Freeport-McMoRan (FCX) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Freeport-McMoRan (FCX) is expected to deliver quarterly earnings of $0.60 per share, according to Wall Street forecasts, representing an 11.1% increase versus the same quarter last year. Revenues are projected at $6.47 billion, down 14.6% year over year. The consensus EPS estimate has been revised up 6.5% over the last 30 days. The article emphasizes that changes in earnings estimates can influence how investors react around the release. It then outlines average analyst expectations for FCX metrics across regions and commodities. Analysts expect Indonesia revenues of $1.23 billion, reflecting a 64% decline from the prior-year quarter. Molybdenum revenues are forecast at $350.55 million, up 94.8%, while South America copper mines are estimated at $1.66 billion, up 31.5%. North America copper mines are projected at $2.15 billion, up 25.5% year over year. For production and sales, gold consolidated sales are forecast at 140 thousand ounces versus 522 thousand ounces a year earlier. Molybdenum North America by-product production is estimated at 8 million pounds, compared with 9 million pounds last year. Copper consolidated sales are expected at 692 million pounds versus 1,016 million pounds in the prior year.