EL7.AI
Stocks•21 July 2026•
1 min read

Freeport-McMoRan EPS Forecast to Rise 11% Amid Strong Copper and Gold Prices

Key Facts

1Analysts forecast Freeport-McMoRan to report Q2 2026 EPS of $0.60, an 11.1% increase year-over-year.
2Revenue is projected to range between $6.47 billion and $6.71 billion, indicating a potential 14.6% year-over-year decrease.
3The consensus EPS estimate has been revised upward by 6.5% over the past 30 days.

Amid robust commodity price performance and growing demand for industrial metals, markets are awaiting Freeport-McMoRan's Q2 2026 earnings report. Analysts forecast the company to report an EPS of $0.60, representing an 11.1% year-over-year increase, despite a projected revenue decline to between $6.47 billion and $6.71 billion. Consensus EPS estimates have been revised upward by 6.5% over the past 30 days, reflecting growing confidence in the company's profitability margins.

This optimism is largely driven by strong copper and gold prices, which continue to support the broader mining sector's outlook. According to market data, Freeport-McMoRan (FCX) closed at $58.79, while peer Teck Resources (TECK) closed at $54.50 (as of July 20, 2026). Analysts suggest that higher commodity prices are effectively offsetting the anticipated 14.6% year-over-year revenue dip, maintaining a bullish sentiment for major miners.

Freeport-McMoRan is scheduled to release its official results on July 22, with investors closely watching price action around the $58.79 level (close of July 20, 2026). With no major sector-specific catalysts in the immediate economic calendar, the upcoming earnings release stands as the primary driver for the stock's near-term trajectory.