Fluor Corp
FLR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$93.00 | Gbyb | Nfb |
Fluor Earnings: Full-Year Outlook Maintained Despite Revenue and Earnings Miss
No-moat Fluor's first-quarter revenue of $3.7 billion and adjusted EPS of $0.47 both missed FactSet consensus estimates of $3.9 billion and $0.54, respectively, sending shares down roughly 6% in intraday trading on May 3. We've raised our fair value estimate to $38 from $37, which reflects our slightly more optimistic operating margin projections and time value of money, and we see shares as fairly valued at current levels.