Fluor Corp (NYSE: FLR) has reported E.P.S. of $0.35 for its first fiscal quarter (ending March 31) versus $-0.82 for the same period a year ago. This performance was $-0.26 short of the consensus estimate of $0.61. E.P.S. were $1.77 for the latest four quarters through March 31 versus $-0.35 for the same period a year ago.
Recent Price Action
On 5/3/24, Fluor Corp (NYSE: FLR) stock suffered a large decline of -5.7%, closing at $38.90. Moreover, this decline was accompanied by exceptionally high trading volume at 326% of normal. The stock has declined -4.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FLR is expected to continue to be a major Value Builder.
Fluor has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Fluor has a poor Appreciation Score of 21 but a good Power Rating of 77, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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