Freeport-McMoRan Inc. (NYSE:FCX) Quarterly Earnings Preview

• Wall Street anticipates earnings per share (EPS) of $0.24 and revenue of approximately $5.47 billion for the upcoming quarter.
• Challenges include fluctuating copper prices and global economic uncertainties, notably U.S.-China trade tensions.
• Despite a downward adjustment in the Zacks Consensus Estimate for earnings, FCX maintains a strong financial position with a very low debt-to-equity ratio and a high current ratio.

Freeport-McMoRan Inc. (NYSE:FCX) is a leading player in the global copper mining industry, known for its extensive operations in the extraction and processing of copper and other metals. As FCX prepares to release its quarterly earnings on April 24, 2025, Wall Street anticipates earnings per share (EPS) of $0.24 and revenue of approximately $5.47 billion.

The company faces challenges such as fluctuating copper prices and global economic uncertainties, as highlighted by the ongoing U.S.-China trade tensions. These tensions have contributed to volatility in copper prices, which surged to a record high of $5.24 per pound in late March before dropping to around $4.1 per pound earlier this month. This price fluctuation could impact FCX's financial performance.

Despite these challenges, FCX has historically exceeded the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of 15.2%. However, the current model does not definitively predict an earnings beat for the upcoming quarter. The Zacks Consensus Estimate for FCX's earnings has been adjusted downward over the past two months, now standing at $0.24 per share, a 25% decrease compared to the previous year.

FCX's revenue estimate is projected at $5.31 billion, marking a 16% decline year-over-year. Despite these declines, there has been an upward revision of 9.8% in the consensus EPS estimate for the quarter over the past 30 days. This revision suggests a potential shift in investor sentiment, as analysts have collectively adjusted their initial projections.

The company maintains a strong financial position, with a debt-to-equity ratio of approximately 0.0023, indicating a very low level of debt compared to its equity. Additionally, FCX has a current ratio of about 2.42, suggesting it has more than twice the current assets needed to cover its current liabilities. This strong liquidity position provides a buffer against economic uncertainties.