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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Z ...

Core Viewpoint - Fluor Corporation reported mixed results for Q2 2024, with earnings exceeding estimates while revenues fell short, driven by strong performance in the Urban Solutions segment [1][2]. Financial Performance - Adjusted EPS was 85 cents, beating the Zacks Consensus Estimate of 68 cents by 25%, and increased 11.8% from 76 cents a year ago [2]. - Quarterly revenues totaled $4.23 billion, missing the consensus mark of $4.35 billion by 2.9%, but grew 7.3% from $3.94 billion in the previous year [2]. Segment Analysis - Segment profit was $194 million, slightly up from $191 million a year ago, with a segment margin of 4.6%, down from 4.8% [3]. - Adjusted EBITDA decreased to $165 million from $181 million in the prior year [3]. - New awards in the quarter were $3.1 billion, down from $3.71 billion a year ago, while the consolidated backlog increased to $32.3 billion from $29.4 billion [3]. Energy Solutions Segment - Revenues declined 7.3% year over year to $1.6 billion, with a margin of 4.7%, down from 5.2% [4]. - New awards were $582 million, down from $753 million a year ago, and backlog increased to $8.53 billion from $7.65 billion [4]. Urban Solutions Segment - Revenues rose 52.3% year over year to $1.83 billion, with a margin of 5.7%, down from 6.3% [5]. - New awards increased to $2.42 billion from $2.28 billion, and backlog surged to $19.6 billion from $11.7 billion [5]. Mission Solutions Segment - Revenues were $704 million, nearly unchanged from $705 million a year ago, with a margin improvement to 5.8% [6]. - New awards decreased to $63 million from $339 million, and backlog fell to $3.78 billion from $4.9 billion [6]. Other Segment - Revenues dropped to $97 million from $311 million, with a loss of $27 million compared to a $14 million loss a year ago [7]. - New awards were $37 million, down from $336 million, and backlog decreased to $427 million from $1.24 billion [7]. Guidance - For 2024, Fluor expects adjusted EPS in the range of $2.50-$3.00 and narrowed adjusted EBITDA guidance to $625-$675 million from $600-$700 million [8].

Fluor (FLR) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this engineering, construction and operations company would post earnings of $0.54 per share when it actually produced earnings of $0.47, delivering a surprise of -12.96%. Over the las ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Fluor (FLR) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question. Our latest available data shows that FLR has returned about 21.7% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of 17.1% on a year-to-date basis. As we ca ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 2. On the other hand, if they miss, the stock may move lower. This engineering, construction and operations company is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of -10.5%. The consensus EPS estimate for the quarter has been revised 5.68% higher over the last 30 days to the current level. Thi ...

Company Overview - Fluor (FLR) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, Fluor's shares have increased by 7.49%, while the Zacks Engineering - R and D Services industry remained flat [7] - In a longer time frame, Fluor's shares have risen by 10.83% over the past month, compared to the industry's performance of only 0.37% [7] - Over the last quarter, Fluor's shares have surged by 24.5%, and over the past year, they have gained 59.25%, significantly outperforming the S&P 500, which increased by 12.57% and 27.34% respectively [8] Trading Volume - Fluor's average 20-day trading volume is 1,707,978 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, one earnings estimate for Fluor has been revised upward, while none have been revised downward, leading to an increase in the consensus estimate from $2.86 to $2.88 [11] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [11] Conclusion - Considering the positive price movements, trading volume, and earnings outlook, Fluor is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]

Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times. There are several stocks that currently pass through the screen and Fluor (FLR) is one of them. Here are the key reasons why th ...

Richard Meserole, president of Fluor's Advanced Technologies & Life Sciences business, expressed enthusiasm about the partnership, highlighting its potential to accelerate the global transition from fossil fuels to renewable energy within the transportation sector. Share Price Performance Shares of this current Zacks Rank #3 (Hold) company have gained 9.9% year to date (YTD) compared with the Zacks Engineering - R and D Services industry's 2.8% growth. Although its shares have underperformed its industry th ...

Core Insights - Fluor has been awarded a significant management and operations contract for the Pantex Plant, enhancing its role in the U.S. Nuclear Security Enterprise and affirming its commitment to national security [6][9] - The contract has an initial term of five years with the potential for three additional five-year options, potentially reaching a total funding level of approximately $30 billion if all options are exercised [7] - Fluor's participation in this contract is expected to bolster its portfolio, enhance its reputation in the defense sector, and provide substantial long-term revenues [2] Financial Performance - In Q1 2024, Fluor secured consolidated new awards amounting to $7 billion, achieving a book-to-burn ratio of 1.9x, aligning with its full-year plan to exceed a ratio of 1x [3] - The total backlog for Fluor stands at $32.7 billion, with 80% being reimbursable, reflecting a year-over-year growth of 27.7% [11] Strategic Positioning - Fluor's involvement at the Pantex Plant supports critical activities such as life extension programs for nuclear weapons, ensuring the reliability and safety of the U.S. nuclear arsenal [8] - The company is actively monitoring a robust prospect pipeline, with potential projects exceeding its existing backlog, particularly in the chemicals sector, energy transition, fuel production, mining, metals, and big data [10]