Fluor Earnings: Everything You Must Know Now

Fluor Corporation (NYSE:FLR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Fluor Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.16% to $0.98 in the quarter versus EPS of $0.95 in the year-earlier quarter.

Revenue: Rose 0.87% to $7.19 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Fluor Corporation reported adjusted EPS income of $0.98 per share. By that measure, the company missed the mean analyst estimate of $1.01. It missed the average revenue estimate of $7.24 billion.

Quoting Management: “I am increasingly optimistic about the Company’s prospects, particularly with the strength of future opportunities in oil and gas,” said Chairman and Chief Executive Officer David Seaton. “We continue to pursue and receive a number of important front-end engineering and design awards, which we expect will translate into significant EPC awards over the next few years.”

Key Stats (on next page)…

Revenue increased 0.06% from $7.19 billion in the previous quarter. EPS decreased 3.92% from $1.02 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.06 to a profit $1.05. For the current year, the average estimate is a profit of $4.14, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)