Freeport-McMoRan Copper & Gold
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Freeport-McMoRan Copper & Gold's revenues will wane -1.1% and EPS will compress -42.5%.
The average estimate for revenue is $4.43 billion. On the bottom line, the average EPS estimate is $0.46.
Last quarter, Freeport-McMoRan Copper & Gold chalked up revenue of $4.58 billion. GAAP reported sales were 0.5% lower than the prior-year quarter's $4.61 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.73. GAAP EPS of $0.68 for Q1 were 15% lower than the prior-year quarter's $0.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.7%, 660 basis points worse than the prior-year quarter. Operating margin was 29.6%, 810 basis points worse than the prior-year quarter. Net margin was 14.1%, 250 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $21.56 billion. The average EPS estimate is $2.94.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,806 members out of 6,006 rating the stock outperform, and 200 members rating it underperform. Among 957 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 911 give Freeport-McMoRan Copper & Gold a green thumbs-up, and 46 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 $40.00.
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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.