Fluor Analysts Boost Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Fluor Corp (NYSE:FLR) reported mixed Q2 results with revenue growth of 7.3% year-over-year to $4.227 billion, missing the consensus of $4.360 billion. Adjusted EPS improved to 85 cents, beating the consensus of 68 cents. The company reaffirmed its 2024 adjusted EPS guidance and tightened its adjusted EBITDA guidance. Analysts from Baird and Truist Securities raised their price targets for FLR.
August 05, 2024 | 6:29 pm
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Fluor Corp reported mixed Q2 results with revenue growth of 7.3% YoY to $4.227 billion, missing the consensus of $4.360 billion. Adjusted EPS improved to 85 cents, beating the consensus of 68 cents. The company reaffirmed its 2024 adjusted EPS guidance and tightened its adjusted EBITDA guidance. Analysts from Baird and Truist Securities raised their price targets for FLR.
Despite missing revenue expectations, Fluor Corp's adjusted EPS beat consensus, and the company reaffirmed its 2024 guidance. Analysts raised their price targets, indicating positive sentiment. This is likely to have a short-term positive impact on FLR's stock price.
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