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.


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Comments from our Foolish Readers

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  • 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?

    http://www.fool.com/investing/general/2013/01/22/freeport-mc...

    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:

    Seth:

    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?

    garifolle;

    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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