A Glimpse of Freeport-McMoRan's Earnings Potential
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan (NYSE:FCX) is set to release its quarterly earnings on October 22, 2024. Analysts expect an EPS of $0.38. Despite past earnings beats, share prices have reacted negatively. Analysts rate FCX as 'Outperform' with a price target of $55.1, indicating a potential 14.36% upside.
October 21, 2024 | 2:01 pm
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Freeport-McMoRan is expected to report an EPS of $0.38. Despite past earnings beats, share prices have reacted negatively. Analysts rate FCX as 'Outperform' with a price target of $55.1, indicating a potential 14.36% upside.
The anticipation of earnings and past performance suggest a neutral short-term impact. Despite beating EPS estimates previously, share prices have dropped, indicating market reactions are not solely based on earnings beats. The 'Outperform' rating and price target suggest long-term optimism, but short-term reactions may vary.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100