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北京时间·🕒 发布 07-22 23:06:34时区推断·⟳ 抓取 07-22 23:09:29·⚡ 决策 07-23 08:52:17 +9h42m·96.5 天前
Freeport-McMoRan将于7月23日盘前发布Q2业绩，市场预期EPS 0.62美元
市场预期FCX Q2 EPS为0.62美元、收入67.5亿美元，本条只是业绩发布前的一致预期和观点汇总。
📄 原文Seeking Alpha↗ 原文
Freeport-McMoRan Q2 earnings on tap: What to expect from FCX
Freeport-McMoRan (FCX) is scheduled to report its Q2 earnings on Thursday, July 23, before the market opens. Wall Stree…
不做 Freeport-McMoRan（FCX.US）
这是正式财报前的一致预期和观点汇总，不是实际业绩超预期；需等7月23日盘前结果与指引后再由新信号决策。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- Seeking Alpha发布FCX Q2业绩前瞻，列明7月23日盘前发布和市场预期EPS 0.62美元、收入67.5亿美元。
关键理由
- 市场预期FCX Q2 EPS为0.62美元、收入67.5亿美元，本条只是业绩发布前的一致预期和观点汇总。
- 文中同时列出铜价受AI基础设施支撑和估值偏高、生产短期受压等多空观点，未给出实际超预期结果。
主要风险
- FCX年初以来已大幅跑赢，铜价与AI电力基础设施叙事已被市场交易；需等正式财报相对预期的surprise。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-22 · 影响 weakens
报道同时包含估值偏高、短期生产压力和铜价若回落则股价有下行风险的反向观点。
检索:Freeport-McMoRan Q2 earnings July 23 2026 consensus EPS 0.62 revenue 6.75B overvalued production setbacks 原文 ↗
原文全文
展开原文 · 2,007 字
Freeport-McMoRan (FCX) is scheduled to report its Q2 earnings on Thursday, July 23, before the market opens. Wall Street expects a consensus EPS of $0.62 (+14.8% Y/Y) on revenue of $6.75B (-10.9% Y/Y).
Freeport-McMoRan has outperformed the market by double double-digits since early this year, as copper has been caught up as a beneficiary of the AI boom. Copper prices have moved to more than $6 per pound, as infrastructure continues to be ramped. Yet, Freeport-McMoRan remains overvalued, Investing Group Leader The Value Portfolio said.
Freeport, one of the largest copper producers in the world, with a market capitalization of more than $89 billion, has a number of major investment initiatives.
"Despite all that, we still feel the company's price is lofty. Copper prices are at all-time highs, and even with that, the company will barely hit a double-digit FCF yield for 2027 and 2028, but not 2026," the analyst said.
According to another analyst, FCX is one of the best ways to play the ebbs and flows in copper pricing. "While the company has experienced short-term production setbacks, it remains a highly advantaged producer in the space with some of the best assets."
"I see downside risk for shares should copper prices start to come in. Without an obvious catalyst for that today, I am Hold rated, especially ahead of what should be a strong Q2 set of results," Passage Research said in a note.
Over the last 2 years, FCX has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
Barclays earlier this year said it is constructive on copper, expecting demand to outpace supply through the end of the decade, driven by growth across new end markets such as grid, renewables, and electric vehicles, as well as ongoing capex for AI infrastructure demand; Freeport-McMoRan (FCX) is the preferred name in the sector.
Over the last 3 months, EPS estimates have seen 5 upward revisions and 4 downward. Revenue estimates have seen 5 upward revisions and 3 downward.
Freeport-McMoRan has outperformed the market by double double-digits since early this year, as copper has been caught up as a beneficiary of the AI boom. Copper prices have moved to more than $6 per pound, as infrastructure continues to be ramped. Yet, Freeport-McMoRan remains overvalued, Investing Group Leader The Value Portfolio said.
Freeport, one of the largest copper producers in the world, with a market capitalization of more than $89 billion, has a number of major investment initiatives.
"Despite all that, we still feel the company's price is lofty. Copper prices are at all-time highs, and even with that, the company will barely hit a double-digit FCF yield for 2027 and 2028, but not 2026," the analyst said.
According to another analyst, FCX is one of the best ways to play the ebbs and flows in copper pricing. "While the company has experienced short-term production setbacks, it remains a highly advantaged producer in the space with some of the best assets."
"I see downside risk for shares should copper prices start to come in. Without an obvious catalyst for that today, I am Hold rated, especially ahead of what should be a strong Q2 set of results," Passage Research said in a note.
Over the last 2 years, FCX has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
Barclays earlier this year said it is constructive on copper, expecting demand to outpace supply through the end of the decade, driven by growth across new end markets such as grid, renewables, and electric vehicles, as well as ongoing capex for AI infrastructure demand; Freeport-McMoRan (FCX) is the preferred name in the sector.
Over the last 3 months, EPS estimates have seen 5 upward revisions and 4 downward. Revenue estimates have seen 5 upward revisions and 3 downward.
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