Fluor (NYSE:FLR) Announces Quarterly Earnings Results

Key Points

• Fluor reported quarterly EPS of $0.77, below the $0.80 consensus, and revenue of $2 billion, well short of the $4.16 billion estimate. Revenue was nevertheless up 10.5% year over year.
• The company recorded a quarterly-high $10.9 billion in project awards and announced several new project wins, but management flagged a potential backlog reduction of about $2 billion.
• Analysts’ consensus rating is Hold, with an average price target of $63.33; Fluor shares rose 2.9% in Friday trading.

Fluor (NYSE:FLR - Get Free Report) announced its quarterly earnings results on Thursday. The construction company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.03), FiscalAI reports. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $4.16 billion. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share.

Fluor Stock Up 2.9%

FLR traded up $1.32 during trading hours on Friday, hitting $46.30. 3,388,074 shares of the company's stock were exchanged, compared to its average volume of 2,102,125. The stock's 50-day moving average is $50.43 and its two-hundred day moving average is $49.34. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. Fluor has a 1-year low of $39.33 and a 1-year high of $58.35. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of -3.77, a PEG ratio of 0.95 and a beta of 1.22.

Analysts Set New Price Targets

FLR has been the subject of a number of research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Fluor in a report on Friday, October 23rd. Truist Financial reiterated a "buy" rating and issued a $71.00 price objective (up from $64.00) on shares of Fluor in a report on Monday, August 10th. Barclays increased their target price on Fluor from $40.00 to $50.00 and gave the company an "equal weight" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Fluor from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded Fluor from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fluor has an average rating of "Hold" and a consensus target price of $63.33.

More Fluor News

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Fluor reported a record $10.9 billion in third-quarter awards, including LNG Canada Phase 2 and two mining projects. Strong bookings may bolster future work, though management also flagged the possibility of a roughly $2 billion backlog reduction. Fluor Reports Third Quarter 2026 Results
• Positive Sentiment: New project wins and agreements add to Fluor’s opportunity pipeline: the company signed an EPC contract for a large data-center campus in Kentucky, was selected for an advanced small modular reactor project in Washington, and received full notice to proceed on a Chilean mining expansion. TeraWulf EPC contract SMR project selection Sierra Gorda project notice to proceed
• Negative Sentiment: Third-quarter EPS of $0.77 fell short of the $0.80 consensus, while revenue of $2 billion was well below analysts’ $4.16 billion estimate. Revenue did rise 10.5% year over year, but the forecast gap and potential backlog reset could weigh on confidence. Fluor earnings and backlog report

About Fluor

Fluor Corporation is a global engineering, procurement, construction and project-management company serving government and commercial clients. The company provides design and construction services, project development, procurement, maintenance, operations support and consulting for complex infrastructure and industrial projects.

Fluor's activities span energy, chemicals and advanced technologies, infrastructure, mining and metals, life sciences, and government and national-security programs.

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