How Will Freeport-McMoRan Stock React To Earnings?

UKRAINE - 2021/10/08: In this photo illustration, Freeport-McMoRan Copper & Gold Inc. logo seen ... More displayed on a smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

Freeport-McMoRan[1] is scheduled to report earnings on Thursday, April 24, 2025. The company has £47 Bil in current market capitalization.

Over the last twelve months, revenue was £25 Bil, with operating profits of £6.9 Bil and net income of £1.9 Bil. For investors seeking upside with lower volatility than individual stocks, the Trefis High-Quality portfolio[2] offers an alternative -- it has outperformed the S&P 500 and generated returns exceeding 91% since inception. See earnings reaction history of all stocks[3]

Freeport-McMoRan's Historical Odds Of Positive Post-Earnings Return

Key observations for one-day (1D) post-earnings returns:

• Across the past five years, there are 20 recorded earnings data points, with 11 positive and 9 negative one-day (1D) returns -- translating to positive returns approximately 55% of the time.
• Notably, this figure rises to 64% when focusing on the most recent three years rather than five.
• The median of the 11 positive returns is 3.6%, while the median of the 9 negative returns is -3.0%.

Additional 5-day (5D) and 21-day (21D) post-earnings returns data and statistics are summarized in the table below.

FCX 1D, 5D, and 21D post-earnings return

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Correlation Between 1D, 5D, and 21D Historical Returns

A relatively less risky strategy is to analyze the correlation between short- and medium-term post-earnings returns, identify the strongest pair, and trade accordingly.

For instance, if 1D and 5D returns correlate most strongly, a trader could go "long" for five days following a positive 1D return. The table below shows correlation data over five-year and three-year periods, with 1D_5D indicating the correlation between one-day returns and subsequent five-day returns.

FCX Correlation Between 1D, 5D, and 21D Historical Returns

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Is There Any Correlation With Peer Earnings?

Peer performance can sometimes influence a stock's post-earnings reaction, and pricing may begin before the announcement. Below is historical data comparing Freeport-McMoRan's one-day post-earnings returns with those of peers who reported just before Freeport-McMoRan.

Peer returns shown are also one-day (1D) post-earnings figures.

FCX Correlation With Peer Earnings

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Learn more about the Trefis RV strategy[8], which has outperformed its all-cap stocks benchmark (S&P 500, S&P mid-cap, Russell 2000) and delivered strong investor returns. Alternatively, if you want upside with a smoother ride than an individual stock like Freeport-McMoRan, consider the High-Quality portfolio[9], which has outperformed the S&P and recorded returns above 91% since inception. Invest with Trefis[10]

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References

1. ^ Freeport-McMoRan (www.trefis.com)
2. ^ High-Quality portfolio (www.trefis.com)
3. ^ See earnings reaction history of all stocks (www.trefis.com)
4. ^ Do Not Make Calls On Your Phone If You Get This Message (www.forbes.com)
5. ^ Gmail Hack -- Google Warns Users Have 7 Days To Act (www.forbes.com)
6. ^ DOGE-Trolling Ransomware Hackers Demand £1 Trillion (www.forbes.com)
7. ^ Preserve & Grow Wealth With Risk-Focused Quality Portfolios (www.trefis.com)
8. ^ Trefis RV strategy (www.trefis.com)
9. ^ High-Quality portfolio (www.trefis.com)
10. ^ Invest with Trefis (www.trefis.com)