Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Fluor Corporation (FLR) Earnings: An Early Look

Page 1 of 2

Earnings season is in full swing, with huge numbers of companies having already given their latest numbers to investors, and Fluor Corporation (NYSE:FLR) is about to release its quarterly earnings report. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

Fluor Corporation (NEW) (NYSE:FLR)Fluor has seen its prospects soar because of the huge expansion in the energy industry in recent years. With new engineering projects popping up around the world, can Fluor reap its fair share of the profits? Let’s take an early look at what’s been happening with Fluor over the past quarter and what we’re likely to see in its quarterly report on Wednesday.

Stats on Fluor

Analyst EPS Estimate $0.98
Change From Year-Ago EPS 8.9%
Revenue Estimate $7.20 billion
Change From Year-Ago Revenue 15.2%
Earnings Beats in Past 4 Quarters 3

Source: Yahoo! Finance.

Will Fluor engineer success this quarter?
Analysts have been rock-solid in their estimates on Fluor, keeping earnings-per-share consensus unchanged over the past three months. The stock, though, has risen to new heights, gaining nearly 25% since mid-November as the energy sector has performed quite well in the recent market advance.

Energy projects have been a big part of what has created a massive backlog of orders for Fluor. Even as the industry has slowed down because of supply gluts and low natural-gas prices, Fluor still has more than $40 billion of business in its pipeline, dwarfing the backlogs that McDermott International (NYSE:MDR) and other industry rivals have managed to build up.

But Fluor’s expertise goes beyond the energy industry. Barrick Gold Corporation (USA) (NYSE:ABX) has hired the company to help it manage the construction of its Pascua Lama project. With an estimated $7 billion to $8 billion budget, the deal will both boost Fluor’s top-line growth as well as helping cement its reputation in the fast-growing mining industry. Moreover, even though the nuclear power industry took a big hit after the Fukushima Daiichi disaster in Japan, Chinese expansion of nuclear energy should boost prospects of Fluor and rival Foster Wheeler AG (NASDAQ:FWLT), both of which bring their engineering and construction expertise to the industry.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!