S&P 500 (NYSE:SPY) component Fluor Corp (NYSE:FLR) will unveil its latest earnings on Thursday, August 4, 2011. Fluor Corporation provides professional services and project management in the fields of procurement, engineering, construction and maintenance.
Fluor Corp (NEW) Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 81 cents per share, a decline of 6.9% 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 and it has not changed during the last month. For the year, analysts are projecting net income of $3.31 per share, a rise of 67.2% from last year.
Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported profit of 78 cents per share versus a mean estimate of net income of 76 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 10 cents.
Wall St. Revenue Expectations: On average, analysts predict $5.77 billion in revenue this quarter, a rise of 12% from the year ago quarter. Analysts are forecasting total revenue of $23.36 billion for the year, a rise of 12% from last year’s revenue of $20.85 billion.
Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.
Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 2.8% to $5.06 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 3.9%.
Competitors to Watch: Jacobs Engineering Group Inc. (NYSE:JEC), URS Corporation (NYSE:URS), KBR, Inc. (NYSE:KBR), The Shaw Group Inc. (NYSE:SHAW), Tutor Perini Corporation (NYSE:TPC), Quanta Services, Inc. (NYSE:PWR), Granite Construction Inc. (NYSE:GVA), EMCOR Group, Inc. (NYSE:EME), Michael Baker Corporation (AMEX:BKR), and Babcock & Wilcox Co (NYSE:BWC).
Stock Price Performance: During July 25, 2011 to July 29, 2011, the stock price had dropped $4.07 (-6%) from $67.60 to $63.53. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 18, 2011 when shares rose for 10-straight days, rising 12.3% (+$7.90) 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, falling 9.2% (-$6.73) over that span. Shares are down $2.49 (-3.8%) year to date.
(Source: Xignite Financials)