A Preview Of Freeport-McMoRan's Earnings
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan (NYSE:FCX) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $0.34. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The company's shares were trading at $36.48 as of October 17, with a 52-week increase of 23.82%.
October 18, 2023 | 2:01 pm
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Freeport-McMoRan is expected to report an EPS of $0.34. Despite beating EPS estimates in the past, the company's share price has typically dropped the following day.
Freeport-McMoRan has a history of beating EPS estimates but experiencing a drop in share price the following day. This pattern, if repeated, could negatively impact the company's share price in the short term.
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