FCXFreeport-McMoRan Inc.
- Next report
- No date yet
- none in the next 8 weeks
- Last result
- $0.88Beat
- vs $0.80 expected on Oct 27
- Stock move on it
- +1.21%
- one session
- Typical move
- ±1.4%
- average over 2 reports
- Price
- $60.47
- −2.66% today · $86.3B cap
Past and upcoming reports
2
| Oct 27, 2026 | Sep 30, 2026 | Time not given | $0.80 | Beat$0.88 | +1.21% |
| Jul 22, 2026 | Jun 30, 2026 | Time not given | $0.56 | Missed$0.54 | +1.50%2d |
After the report
Jul 22, 2026 report
This covers the Jul 22, 2026 report. The Oct 27, 2026 numbers are in the table above.
FCX Q2 Miss: EPS $0.54 vs $0.62 Est., Copper Price Headwinds Bite
Freeport-McMoRan reported Q2 EPS of $0.54, missing the $0.62 consensus by -12.9%. The stock has slipped -1.42% post-print to $62.60. Despite the miss, the company's long-term growth profile (EPS forecast +36% 5Y CAGR) and low PEG ratio (0.43) keep the bull case alive, contingent on copper price recovery and cost execution.
Reported against expected
MissedEPS of $0.54 missed the $0.62 estimate by -$0.08 (-12.9%), a clear miss.
Guidance
No explicit forward guidance is available in the payload. the market is reacting to the miss without a stated management outlook.
How the stock reacted
Stock closed at $62.60, down -1.42% on the day, with elevated volume of 11.9M shares, indicating active repositioning.
What changed
EPS missed by -12.9%, breaking a beat streak and raising cost/volume concerns.
What the price now assumes
The -1.42% decline prices in margin pressure and a potential demand slowdown.
What it means for the business
Downgrade bias: wait for next quarter's volume/cost data before adding.
The next one to three months, as we saw it then
Better case30%
Copper prices rebound on supply cuts or China stimulus, driving a re-rate on FCX's low PEG (0.43).
Base case45%
FCX trades sideways as the market digests the miss, awaiting clearer demand signals from China and ex-China markets.
Worse case25%
The EPS miss signals structural cost inflation or volume decline, and copper demand falters on global recession fears.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Add only if next-quarter guidance is reiterated or raised. avoid if guidance is cut or geopolitical risk escalates.
Scenario odds are a judgement, not measured.