Fluor Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fluor Corporation (NYSE:FLR) will unveil its latest earnings on Thursday, November 3, 2011. 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 profit of 86 cents per share, a swing from net loss of 30 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 85 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 86 cents during the last month. For the year, analysts are projecting net income of $3.40 per share, a rise of 71.7% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 94 cents per share against the mean estimate of 81 cents. In the prior quarter, the company reported net income of 78 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a rise of 14% in revenue from the year-earlier quarter to $6.28 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit rose 5.2% to $165.5 million (94 cents a share) from $157.4 million (87 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 17.1% to $6.03 billion from $5.15 billion.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 2.8%.

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 September 30, 2011 to October 28, 2011, the stock price had risen $13.08 (28.1%) from $46.55 to $59.63. 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% (+$7.89) 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% (-$6.72) over that span. Shares are down $6.25 (-9.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

More from The Cheat Sheet