Fluor Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fluor Corporation (NYSE:FLR) will unveil its latest earnings on Wednesday, February 22, 2012. Fluor Corporation provides professional services and project management in the fields of procurement, engineering, construction and maintenance.

Fluor Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 82 cents per share, a rise of 26.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 68.2% compared to last year’s $3.33.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 78 cents per share versus a mean estimate of net income of 85 cents per share. In the second quarter, the company beat estimates by 13 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 20.9% in revenue from the year-earlier quarter to $6.37 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 15 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, the company swung to a profit of $135.4 million (78 cents a share) from a loss of $53.6 million (30 cents) a year earlier, but missed analyst estimates. Revenue rose 9.5% to $6.04 billion from $5.51 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 17.1% in the second quarter from the year earlier and 2.8% in the first quarter.

Stock Price Performance: Between December 19, 2011 and February 16, 2012, the stock price had risen $13.24 (28.1%), from $47.06 to $60.30. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 27, 2011, when shares rose for six straight days, increasing 8.1% (+$3.80) over that span. It saw one of its worst periods between April 5, 2011 and April 14, 2011 when shares fell for eight straight days, dropping 9.2% (-$6.70) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com