Freeport-McMoRan (FCX) Reports Q1 Earnings: What Key Metrics Have to Say

Freeport-McMoRan (FCX) reported $5.73 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 9.4%. EPS of $0.24 for the same period compares to $0.32 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.31 billion, representing a surprise of +7.92%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.24.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Freeport-McMoRan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average realized price per pound - Copper: $4.44 compared to the $4.36 average estimate based on three analysts. Production in millions of pounds - Molybdenum - South America (Cerro Verde): 6 Mlbs versus the three-analyst average estimate of 5.82 Mlbs. Production in millions of pounds - Molybdenum - By-product - North America: 8 Mlbs compared to the 7.73 Mlbs average estimate based on three analysts. Sales in thousands of Ounces - Gold - North America: 3 Koz versus the three-analyst average estimate of 3.87 Koz. Sales in thousands of ounces - Gold - Consolidated basis: 128 Koz versus 126.13 Koz estimated by three analysts on average. Revenues- Indonesia: $1.57 billion versus the three-analyst average estimate of $1.31 billion. The reported number represents a year-over-year change of -44.4%. Revenues- Molybdenum: $177 million versus $261.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.1% change. Revenues- South America copper mines: $1.38 billion versus $1.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +21.1% change. Revenues- North America copper mines: $1.63 billion versus the three-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of +8.5%. Revenues- Rod & Refining: $1.63 billion versus $1.49 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change. Revenues- Atlantic Copper Smelting & Refining: $755 million compared to the $708.34 million average estimate based on two analysts. The reported number represents a change of +12.2% year over year. Revenues- Corporate, other & eliminations: -$1.41 billion versus -$1.32 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.2% change. View all Key Company Metrics for Freeport-McMoRan here>>>Shares of Freeport-McMoRan have returned -15.2% over the past month versus the Zacks S&P 500 composite's -5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Freeport-McMoRan Inc. (FCX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks