Fluor Corp reports results for the quarter ended June 30 - Earnings Summary

• Fluor Corp FLR reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of eight analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 48 cents to 62 cents per share.

• Revenue fell 5.9% to $3.98 billion from a year ago; analysts expected $4.55 billion.

• Fluor Corp's reported EPS for the quarter was $14.81​.

• The company reported quarterly net income of $2.46 billion.

• Fluor Corp shares had risen by 10.7% this quarter and gained 15.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for Fluor Corp is $55.00, about 3.2% below its last closing price of $56.77

This summary was machine generated from LSEG data August 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)