Can Freeport-McMoRan Copper & Gold Beat These Numbers?

Freeport-McMoRan Copper & Gold (NYSE: FCX  ) is expected to report Q1 earnings around Jan. 27. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Freeport-McMoRan Copper & Gold's revenues will grow 19.3% and EPS will grow 10.4%.

The average estimate for revenue is $5.49 billion. On the bottom line, the average EPS estimate is $1.06.

Revenue details
Last quarter, Freeport-McMoRan Copper & Gold tallied revenue of $4.51 billion. GAAP reported sales were 8.4% higher than the prior-year quarter's $4.16 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.74. GAAP EPS of $0.78 for Q4 were 15% higher than the prior-year quarter's $0.68 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 39.3%, 320 basis points worse than the prior-year quarter. Operating margin was 28.8%, 240 basis points worse than the prior-year quarter. Net margin was 16.5%, 110 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $22.38 billion. The average EPS estimate is $4.58.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,790 members out of 5,983 rating the stock outperform, and 193 members rating it underperform. Among 1,236 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,196 give Freeport-McMoRan Copper & Gold a green thumbs-up, and 40 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Freeport-McMoRan Copper & Gold is outperform, with an average price target of $41.70.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (2) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 23, 2013, at 12:04 PM, garifolle wrote:

    He there,

    Wake up!

    The results were released on Jan. 22!

    And yes they could beat.

    Don't you read the Fool?

    For the free report that you want to sell, this article is not too reassuring: thanks but no thanks.

  • Report this Comment On January 24, 2013, at 12:19 PM, pondee619 wrote:


    Who is writing your articles? You surely aren't reading them

    Freeport-McMoRan Copper & Gold Beats on Both Top and Bottom Lines

    By Seth Jayson

    January 22, 2013

    "Freeport-McMoRan Copper & Gold reported earnings on Jan. 22. Here are the numbers you need to know."

    Can Freeport-McMoRan Copper & Gold Beat These Numbers?

    By Seth Jayson

    January 23, 2013

    "Freeport-McMoRan Copper & Gold is expected to report Q1 earnings around Jan. 27"

    Which is it Seth?

    Kinda got the order of your pre-written stories mixed up, Seth?


    It's worse than you intimated. Seth claims to have written both stories. It's not that he does not read the fool, he does not read his own work.

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