company has beaten earnings estimates in three out of four most recent reports.
If you want to jump in for a short ride, earnings for FCX are coming out 7-18, the stocks is down from $31 just a month ago. They beat 3 out of 4 quarters.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) have followed copper prices on their way down. Estimates for the current quarter have dropped more than 50% in just 90 days. However, the company has beaten earnings estimates in three out of four most recent reports. We’ll have a chance to see if this happens again in mid July, when Freeport-McMoRan would be presenting its quarterly report.
Looks like another beat coming down the pike. Wish I bought it yesterday, but I guess anything under $30 right now is pretty good. I'm going to take a chance and I hope it dips a bit before the close to get back in. Any thought from the peanut gallery? LoL!