Fluor Q4 Adj. EPS $0.68 Beats $0.57 Estimate, Sales $3.82B Miss $4.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation (NYSE:FLR) reported Q4 adjusted earnings per share (EPS) of $0.68, surpassing the consensus estimate of $0.57 by 19.3%, and marking a 58.14% increase from the previous year's $0.43. However, Q4 sales of $3.82 billion fell short of the $4.11 billion estimate by 7.06%, though they represented a 2.99% increase from the prior year.
February 20, 2024 | 11:55 am
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Fluor Corporation reported a strong Q4 EPS of $0.68, beating estimates, but missed on sales with $3.82 billion against a $4.11 billion forecast.
The positive earnings surprise could support investor confidence and potentially uplift FLR's stock price in the short term. However, the miss on sales forecasts might temper gains, leading to a neutral short-term impact. The significant year-over-year growth in EPS is a strong positive, but the sales miss indicates potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100