However, in all but one of the four quarters preceding 2012 Freeport managed to outperform the Zacks Consensus Estimate to give surprise earnings of 9.6% above what was expected! Freeport is optimistic about its new mineral explorations in the Tenke Fungurume region of the Democratic Republic of Congo; and analysts are eager to see if they have pulled another positive surprise out of the bag for this quarter's earnings. Trends In 2011, Freeport watched their profits tumble by a staggering 58% to $640 million. At the same time revenues collapsed by over 25% to $4.2 billion.