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.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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