Fluor Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fluor (NYSE:FLR) will unveil its latest earnings on Thursday, November 1, 2012. Fluor Corporation provides professional services and project management in the fields of procurement, engineering, construction and maintenance.

Fluor Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 97 cents per share, a rise of 24.4% 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. For the year, analysts are projecting net income of $3.77 per share, a rise of 10.9% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 95 cents per share versus a mean estimate of net income of 92 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $7.17 billion in revenue this quarter, a rise of 18.7% from the year-ago quarter. Analysts are forecasting total revenue of $27.87 billion for the year, a rise of 19.2% from last year’s revenue of $23.38 billion.

Stock Price Performance: Between August 2, 2012 and October 26, 2012, the stock price rose $5.59 (11.2%), from $49.72 to $55.31. The stock price saw one of its best stretches over the last year between August 30, 2012 and September 11, 2012, when shares rose for eight straight days, increasing 11.1% (+$5.68) over that span. It saw one of its worst periods between August 20, 2012 and August 30, 2012 when shares fell for nine straight days, dropping 5.5% (-$3) over that span.

A Look Back: In the second quarter, profit fell 2.6% to $161.2 million (95 cents a share) from $165.5 million (94 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 18.1% to $7.13 billion from $6.03 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 9.5% in the third quarter of the last fiscal year, 18.7% in the fourth quarter of the last fiscal year and 24.4% in the first quarter before increasing again in the second quarter.

Analyst Ratings: With 16 analysts rating the stock a buy, none rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.65 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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

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