Subtext

Freeport-McMoRan Inc. FCX

SectorMaterials
Transcripts65
Date range2009-04-22 – 2025-04-24
Calls charted65

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Overall: +2.82009 Q2 · Overall: +8.22009 Q3 · Overall: +7.22009 Q4 · Overall: +6.92010 Q1 · Overall: +9.22010 Q2 · Overall: +3.42010 Q3 · Overall: +13.02010 Q4 · Overall: +8.52011 Q1 · Overall: +10.02011 Q2 · Overall: +3.42011 Q3 · Overall: +0.32011 Q4 · Overall: +0.02012 Q1 · Overall: +4.52012 Q2 · Overall: +7.62012 Q3 · Overall: +8.12012 Q4 · Overall: +6.42013 Q1 · Overall: +7.82013 Q2 · Overall: +5.52013 Q3 · Overall: +8.62013 Q4 · Overall: +4.22014 Q1 · Overall: +3.62014 Q2 · Overall: +4.82014 Q3 · Overall: +5.42014 Q4 · Overall: +4.72015 Q1 · Overall: +3.12015 Q2 · Overall: +4.82015 Q3 · Overall: +2.32015 Q4 · Overall: -1.32016 Q1 · Overall: +5.42016 Q2 · Overall: +0.52016 Q3 · Overall: -0.32016 Q4 · Overall: -3.02017 Q1 · Overall: -2.62017 Q2 · Overall: -1.92017 Q3 · Overall: +2.02017 Q4 · Overall: +3.12018 Q1 · Overall: +1.32018 Q2 · Overall: +2.12018 Q3 · Overall: +8.72018 Q4 · Overall: +4.52019 Q1 · Overall: +7.52019 Q2 · Overall: +9.02019 Q3 · Overall: +7.62019 Q4 · Overall: +8.92020 Q1 · Overall: +0.72020 Q2 · Overall: +8.12020 Q3 · Overall: +6.32020 Q4 · Overall: +9.62021 Q1 · Overall: +8.12021 Q2 · Overall: +15.32021 Q3 · Overall: +9.62021 Q4 · Overall: +15.12022 Q1 · Overall: +11.62022 Q2 · Overall: +3.22022 Q3 · Overall: +5.62022 Q4 · Overall: +9.22023 Q1 · Overall: +10.12023 Q2 · Overall: +12.72023 Q3 · Overall: +9.22023 Q4 · Overall: +10.82024 Q1 · Overall: +17.52024 Q2 · Overall: +11.82024 Q3 · Overall: +14.52024 Q4 · Overall: +15.92025 Q1 · Overall: +13.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-28-14+0+14+282009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · CEO: +4.62009 Q2 · CEO: +11.02009 Q3 · CEO: +12.12009 Q4 · CEO: +8.92010 Q1 · CEO: +12.92010 Q2 · CEO: +6.62010 Q3 · CEO: +20.72010 Q4 · CEO: +13.12011 Q1 · CEO: +16.12011 Q2 · CEO: +7.62011 Q3 · CEO: +6.62011 Q4 · CEO: +6.52012 Q1 · CEO: +12.82012 Q2 · CEO: +12.32012 Q3 · CEO: +13.42012 Q4 · CEO: +11.02013 Q1 · CEO: +9.22013 Q2 · CEO: +8.82013 Q3 · CEO: +13.32013 Q4 · CEO: +8.52014 Q1 · CEO: +7.42014 Q2 · CEO: +5.92014 Q3 · CEO: +8.32014 Q4 · CEO: +7.62015 Q1 · CEO: +6.02015 Q2 · CEO: +7.62016 Q1 · CEO: +9.72016 Q3 · CEO: +1.42016 Q4 · CEO: -0.42017 Q1 · CEO: -1.12017 Q2 · CEO: -0.52017 Q4 · CEO: +7.12018 Q1 · CEO: +3.82018 Q2 · CEO: +4.62019 Q1 · CEO: +10.42019 Q2 · CEO: +14.12020 Q1 · CEO: +4.32020 Q2 · CEO: +12.72021 Q1 · CEO: +9.72021 Q2 · CEO: +24.02021 Q3 · CEO: +10.12021 Q4 · CEO: +16.82022 Q1 · CEO: +14.02022 Q2 · CEO: +1.52022 Q3 · CEO: +4.22022 Q4 · CEO: +9.72023 Q1 · CEO: +12.52023 Q2 · CEO: +20.42023 Q3 · CEO: +4.52023 Q4 · CEO: +10.52024 Q1 · CEO: +18.12024 Q2 · CEO: +17.22024 Q3 · CEO: +17.62024 Q4 · CEO: +21.22025 Q1 · CEO: +18.12009 Q1 · CFO: +2.42009 Q2 · CFO: +1.82009 Q3 · CFO: +4.02009 Q4 · CFO: +3.52010 Q1 · CFO: +3.82010 Q2 · CFO: +1.62010 Q3 · CFO: +4.72010 Q4 · CFO: +8.52011 Q1 · CFO: +6.02011 Q2 · CFO: +0.92011 Q3 · CFO: -0.92011 Q4 · CFO: -4.92012 Q1 · CFO: +0.02012 Q2 · CFO: +0.82012 Q3 · CFO: +6.92012 Q4 · CFO: +0.02013 Q1 · CFO: +0.82013 Q2 · CFO: -0.82013 Q3 · CFO: +4.72013 Q4 · CFO: -1.82014 Q1 · CFO: +0.02014 Q2 · CFO: +1.12014 Q3 · CFO: +2.62014 Q4 · CFO: +0.72015 Q1 · CFO: -2.92015 Q2 · CFO: -1.42016 Q1 · CFO: +6.02016 Q3 · CFO: +2.22016 Q4 · CFO: -5.42017 Q1 · CFO: -2.12017 Q2 · CFO: +3.22017 Q3 · CFO: -6.72017 Q4 · CFO: +1.42018 Q1 · CFO: +3.22018 Q2 · CFO: +2.72018 Q3 · CFO: +2.32018 Q4 · CFO: -2.12019 Q1 · CFO: +6.82019 Q2 · CFO: +5.32019 Q3 · CFO: +8.02019 Q4 · CFO: +8.02020 Q1 · CFO: -0.62020 Q2 · CFO: +5.72020 Q3 · CFO: +5.02020 Q4 · CFO: +11.92021 Q1 · CFO: +11.62021 Q2 · CFO: +13.52021 Q3 · CFO: +14.32021 Q4 · CFO: +20.22023 Q2 · CFO: +8.12024 Q4 · CFO: +20.12025 Q1 · CFO: +23.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-29-14+0+14+292009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Prepared remarks: +5.22009 Q2 · Prepared remarks: +8.42009 Q3 · Prepared remarks: +13.62009 Q4 · Prepared remarks: +11.52010 Q1 · Prepared remarks: +10.62010 Q2 · Prepared remarks: +7.22010 Q3 · Prepared remarks: +18.72010 Q4 · Prepared remarks: +14.42011 Q1 · Prepared remarks: +17.52011 Q2 · Prepared remarks: +8.52011 Q3 · Prepared remarks: +8.02011 Q4 · Prepared remarks: +4.42012 Q1 · Prepared remarks: +9.82012 Q2 · Prepared remarks: +8.22012 Q3 · Prepared remarks: +12.22012 Q4 · Prepared remarks: +12.82013 Q1 · Prepared remarks: +14.32013 Q2 · Prepared remarks: +7.72013 Q3 · Prepared remarks: +16.92013 Q4 · Prepared remarks: +7.02014 Q1 · Prepared remarks: +11.72014 Q2 · Prepared remarks: +9.32014 Q3 · Prepared remarks: +9.52014 Q4 · Prepared remarks: +8.72015 Q1 · Prepared remarks: +10.62015 Q2 · Prepared remarks: +9.02015 Q3 · Prepared remarks: +6.12015 Q4 · Prepared remarks: +0.22016 Q1 · Prepared remarks: +14.12016 Q2 · Prepared remarks: +1.02016 Q3 · Prepared remarks: +3.32016 Q4 · Prepared remarks: +3.12017 Q1 · Prepared remarks: +3.12017 Q2 · Prepared remarks: +4.52017 Q3 · Prepared remarks: +12.12017 Q4 · Prepared remarks: +10.62018 Q1 · Prepared remarks: +6.32018 Q2 · Prepared remarks: +5.42018 Q3 · Prepared remarks: +12.92018 Q4 · Prepared remarks: +10.32019 Q1 · Prepared remarks: +16.82019 Q2 · Prepared remarks: +12.72019 Q3 · Prepared remarks: +16.72019 Q4 · Prepared remarks: +12.32020 Q1 · Prepared remarks: +5.52020 Q2 · Prepared remarks: +13.82020 Q3 · Prepared remarks: +8.62020 Q4 · Prepared remarks: +15.92021 Q1 · Prepared remarks: +19.32021 Q2 · Prepared remarks: +23.12021 Q3 · Prepared remarks: +17.62021 Q4 · Prepared remarks: +18.82022 Q1 · Prepared remarks: +23.22022 Q2 · Prepared remarks: +9.62022 Q3 · Prepared remarks: +12.12022 Q4 · Prepared remarks: +12.92023 Q1 · Prepared remarks: +15.12023 Q2 · Prepared remarks: +18.42023 Q3 · Prepared remarks: +14.22023 Q4 · Prepared remarks: +19.12024 Q1 · Prepared remarks: +21.12024 Q2 · Prepared remarks: +15.72024 Q3 · Prepared remarks: +24.12024 Q4 · Prepared remarks: +25.02025 Q1 · Prepared remarks: +23.82009 Q1 · Q&A responses: +2.92009 Q2 · Q&A responses: +8.22009 Q3 · Q&A responses: +10.62009 Q4 · Q&A responses: +7.82010 Q1 · Q&A responses: +11.62010 Q2 · Q&A responses: +3.52010 Q3 · Q&A responses: +15.22010 Q4 · Q&A responses: +9.22011 Q1 · Q&A responses: +11.12011 Q2 · Q&A responses: +2.22011 Q3 · Q&A responses: +1.42011 Q4 · Q&A responses: +0.62012 Q1 · Q&A responses: +5.02012 Q2 · Q&A responses: +13.12012 Q3 · Q&A responses: +9.92012 Q4 · Q&A responses: +5.02013 Q1 · Q&A responses: +6.12013 Q2 · Q&A responses: +7.42013 Q3 · Q&A responses: +6.32013 Q4 · Q&A responses: +6.72014 Q1 · Q&A responses: +1.92014 Q2 · Q&A responses: +2.62014 Q3 · Q&A responses: +5.42014 Q4 · Q&A responses: +4.92015 Q1 · Q&A responses: +0.72015 Q2 · Q&A responses: +3.72015 Q3 · Q&A responses: +0.02015 Q4 · Q&A responses: +2.92016 Q1 · Q&A responses: +4.12016 Q2 · Q&A responses: +2.92016 Q3 · Q&A responses: +0.42016 Q4 · Q&A responses: -5.22017 Q1 · Q&A responses: -4.92017 Q2 · Q&A responses: -3.02017 Q3 · Q&A responses: -1.72017 Q4 · Q&A responses: +1.22018 Q1 · Q&A responses: +1.82018 Q2 · Q&A responses: +5.02018 Q3 · Q&A responses: +6.62018 Q4 · Q&A responses: +4.12019 Q1 · Q&A responses: +6.22019 Q2 · Q&A responses: +8.82019 Q3 · Q&A responses: +5.62019 Q4 · Q&A responses: +11.02020 Q1 · Q&A responses: -2.42020 Q2 · Q&A responses: +5.22020 Q3 · Q&A responses: +9.52020 Q4 · Q&A responses: +9.32021 Q1 · Q&A responses: +6.12021 Q2 · Q&A responses: +14.72021 Q3 · Q&A responses: +4.52021 Q4 · Q&A responses: +18.22022 Q1 · Q&A responses: +6.12022 Q2 · Q&A responses: +2.72022 Q3 · Q&A responses: +1.72022 Q4 · Q&A responses: +9.42023 Q1 · Q&A responses: +11.52023 Q2 · Q&A responses: +13.22023 Q3 · Q&A responses: +8.92023 Q4 · Q&A responses: +7.92024 Q1 · Q&A responses: +17.82024 Q2 · Q&A responses: +14.02024 Q3 · Q&A responses: +12.92024 Q4 · Q&A responses: +17.12025 Q1 · Q&A responses: +10.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.02$1.99$4.012009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: $2.852014 Q2: $2.872014 Q3: $2.682014 Q4: $2.132015 Q1: $1.232015 Q2: $1.392015 Q3: $1.502015 Q4: $0.702016 Q1: $0.262016 Q2: $0.782016 Q3: $0.862016 Q4: $1.342017 Q1: $1.082017 Q2: $1.182017 Q3: $1.282017 Q4: $1.672018 Q1: $1.912018 Q2: $1.552018 Q3: $1.252018 Q4: $0.842019 Q1: $0.602019 Q2: $0.662019 Q3: $0.532019 Q4: $0.532020 Q1: $0.512020 Q2: $0.452020 Q3: $1.052020 Q4: $1.842021 Q1: $2.452021 Q2: $3.242021 Q3: $3.342021 Q4: $3.552022 Q1: $3.732022 Q2: $3.462022 Q4: $1.812023 Q1: $2.002023 Q2: $2.082023 Q3: $2.012023 Q4: $1.822024 Q1: $1.742024 Q2: $1.982024 Q3: $2.082024 Q4: $2.09

Forward P/E

5.3423.9942.652009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: 10.892014 Q2: 12.142014 Q3: 12.882014 Q4: 10.392015 Q1: 14.792015 Q2: 14.402015 Q3: 7.912015 Q4: 9.562016 Q1: 40.082016 Q2: 14.102016 Q3: 11.362016 Q4: 10.932017 Q1: 11.912017 Q2: 10.252017 Q3: 10.852017 Q4: 9.772018 Q1: 9.762018 Q2: 11.452018 Q3: 11.392018 Q4: 12.122019 Q1: 21.102019 Q2: 16.952019 Q3: 19.462019 Q4: 24.492020 Q1: 10.362020 Q2: 23.782020 Q3: 15.982020 Q4: 13.262021 Q1: 14.742021 Q2: 11.442021 Q3: 10.992021 Q4: 10.492022 Q1: 12.452022 Q2: 10.652022 Q4: 21.782023 Q1: 17.782023 Q2: 19.312023 Q3: 19.752023 Q4: 21.532024 Q1: 25.022024 Q2: 24.152024 Q3: 21.122024 Q4: 18.52

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q3 tone ↓ -2.5 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +6.7 fwd EPS ↓ -0.44 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -4.9 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.8 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↑ +6.6 fwd EPS ↓ -0.30 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↑ +3.0 fwd EPS ↓ -0.24 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +7.4 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -5.7 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.4 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↑ +6.7 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -5.7 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+13.8——View →
2024 Q42025-01-23+15.9$2.0918.5View →
2024 Q32024-10-22+14.5$2.0821.1View →
2024 Q22024-07-23+11.8$1.9824.1View →
2024 Q12024-04-23+17.5$1.7425.0View →
2023 Q42024-01-24+10.8$1.8221.5View →
2023 Q32023-10-19+9.2$2.0119.8View →
2023 Q22023-07-20+12.7$2.0819.3View →