Scotiabank lifts FY2026 earnings estimate for Freeport-McMoRan stock to USD 3.35

Published on 10/16/2026 at 09:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank lifted FY2026 EPS for Freeport-McMoRan stock to USD 3.35 on October 13, 2026. It costs EUR 62.60 on October 16, 2026, below EUR 69.00.

Estimates results and valuation

Scotiabank lifted its FY2026 earnings estimate to USD 3.35 from USD 3.06 on October 13, 2026.
Freeport-McMoRan reported USD 7.03 billion in revenue for the second quarter of 2026.
Freeport-McMoRan stock traded at EUR 62.60 at 9:09 a.m. CEST at Lang & Schwarz on October 16, 2026.

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Scotiabank lifted its fiscal-year 2026 earnings-per-share estimate for Freeport-McMoRan to USD 3.35 from USD 3.06 in a research note dated October 13, 2026, according to MarketBeat. The estimate stood above the cited consensus of USD 2.87, giving the copper producer a fresh earnings benchmark before its next report.

Three events reshaped the picture

On July 23, 2026, Freeport-McMoRan reported quarterly earnings per share of USD 0.74 against a USD 0.62 consensus estimate, while revenue reached USD 7.03 billion versus USD 6.62 billion expected, as MarketBeat reported.

On October 6, 2026, Zacks said the company had beaten consensus in each of its two previous reports, citing a 19.35 percent surprise in the latest quarter and a 21.28 percent surprise in the preceding quarter.

On October 13, 2026, Scotiabank raised its full-year estimate from USD 3.06 to USD 3.35. That revision is the latest dated analyst event in the current sequence.

What does the estimate change mean?

The USD 0.29 increase puts Scotiabank's forecast 16.72 percent above its earlier estimate and 16.72 percent above the USD 2.87 consensus cited by MarketBeat. The comparison matters because the latest reported quarter combined USD 7.03 billion in revenue with USD 0.74 in earnings per share, although revenue was 7.30 percent below the year-earlier period, according to the same MarketBeat report.

Dates investors can mark

Zacks identified October 27, 2026 as the next quarterly earnings date. MarketBeat reported November 2, 2026 as the payment date for the quarterly dividend of USD 0.075 per share.

Stock valuation and trading phase

Freeport-McMoRan is listed on the NYSE under ticker FCX and operates primarily in copper, gold and molybdenum. Its market capitalization was USD 100.7 billion as of October 15, 2026, while its primary-exchange 52-week range was USD 38.54 to USD 80.24. In euro terms, the German quote range was EUR 33.01 to EUR 69.00 on October 16, 2026.

For investors, the central tension is clear: Scotiabank sees higher fiscal-year earnings power, while the latest quarterly revenue comparison remains negative. The October 27 report will provide the next test of that estimate.

Freeport-McMoRan was trading at EUR 62.60 at Lang & Schwarz on October 16, 2026 at 9:09 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.