1 Green Flag for Fluor Stock Right Now

Core Insights - Fluor's second-quarter results significantly underperformed Wall Street expectations, reporting adjusted earnings per share of $0.43 on revenue of $3.98 billion, compared to the consensus estimate of $0.56 per share on approximately $4.7 billion in sales [2] - The company's stock experienced a notable sell-off, declining about 23.5% throughout August due to the disappointing earnings report [3] - Despite the poor quarterly performance, Fluor secured $1.8 billion in new bookings during the second quarter, with 72% of these bookings being reimbursable, indicating potential for future revenue growth [4] Financial Performance - Fluor's revenue fell 6% year over year in the second quarter, contributing to the disappointing financial results [2] - The total bookings backlog decreased slightly to $28.2 billion from $28.7 billion in the previous quarter, with 80% of the backlog being reimbursable [5] Market Position and Outlook - The company has a market capitalization of approximately $7 billion, suggesting it may be attractively valued despite macroeconomic uncertainties impacting performance [6] - Fluor's majority ownership in NuScale Power positions it favorably within the growing nuclear power sector, particularly as it relates to powering AI data centers, which could enhance its sales outlook [6]