Últimas noticias sobre Fluor (NYSE:FLR) Bolsa

Fluor

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.

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Truist Securities analyst Jamie Cook maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Buy and raises the price target from $62 to $66.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Fluor, Raises Price Target to $66

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Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Drew Crum downgraded the rating for Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) from Buy to Hold and maintained the price target of $167. Electronic Arts shares closed at $154.79 on Tuesday. See how other analysts view this stock.</li>
<li>Baird analyst George Gianarikas downgraded Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) from Outperform to Neutral and lowered the price target from $18 to $16. Rivian Automotive shares closed at $14.70 on Tuesday. <a href="https://www.benzinga.com/quote/RIVN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Cory Carpenter downgraded Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) from Overweight to Neutral and lowered the price target from $40 to $33. Match Group shares closed at $31.58 on Tuesday. <a href="https://www.benzinga.com/quote/MTCH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst David Anderson downgraded the rating for Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) from Overweight to Equal-Weight and lowered the price target from $43 to $33. Halliburton shares closed at $27.19 on Tuesday. See how other analysts view this stock.</li>
<li>Baird analyst Andrew Wittmann downgraded Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) from Outperform to Neutral and raised the price target from $54 to $58. Fluor shares closed at $53.45 on Tuesday. <a href="https://www.benzinga.com/quote/FLR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying EA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18094447/image-158-1024x440.png" alt="" class="wp-image-697889" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18094447/image-158-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18094447/image-158-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18094447/image-158-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18094447/image-158.png 1442w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This Electronic Arts Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Fluor, revealing an average target of $63.5, a high estimate of $66.00, and a low estimate of $58.00. Witnessing a positive shift, the current average has risen by 14.41% from the previous average price target of $55.50.
<img src="https://www.benzinga.com/files/images/story/2024/1734530419_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Fluor. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Brent Thielman</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$66.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fluor. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fluor compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Fluor's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Fluor's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/FLR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fluor analyst ratings.</a>
<h2>Discovering Fluor: A Closer Look</h2>
Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.
<h3>Financial Milestones: Fluor's Journey</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Fluor showcased positive performance, achieving a revenue growth rate of 3.31% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Fluor's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 1.32%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Fluor's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.46%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Fluor's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.78%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Fluor's debt-to-equity ratio is below the industry average at 0.5, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Fluor Stock: Analyst Perspectives (6 Ratings)

Baird analyst Andrew Wittmann downgrades Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) from Outperform to Neutral and raises the price target from $54 to $58.

Baird Downgrades Fluor to Neutral, Raises Price Target to $58

Contracts

Flour Corporation Announced That It Has Signed A Front-End Engineering And Design Contract With Heidelberg Materials For Its GeZero Project; Financial Terms Not Disclosed

Management

Fluor Chief Financial Officer Joe Brennan to Retire, Effective Jul. 1; John Regan Appointed Successor, Effective Mar. 1

Fluor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) short percent of float has risen 5.73% since its last report. The company recently reported that it has 6.60 million shares sold short, which is 4.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fluor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732713310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fluor has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Fluor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fluor's peer group average for short interest as a percentage of float is 4.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

(FLR) - Analyzing Fluor's Short Interest

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fluor.com%2F&amp;esheet=54153547&amp;newsitemid=20241115629676&amp;lan=en-US&amp;anchor=Fluor+Corporation&amp;index=1&amp;md5=3c5b8857dd98a95dd1eed9bcc3c99246">Fluor Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) announced today that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 &amp; 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony at the United Nations COP29 climate change conference in Baku, Azerbaijan earlier today. It marks a significant milestone in Romania's advancement of sustainability and energy security for the region. The Fluor-led JV consists of Fluor, AtkinsRéalis, Sargent &amp; Lundy and Ansaldo Nucleare.

Global

Fluor-Led JV Receives Limited Notice To Proceed For The Design Phase Of Units 3 & 4 At The Cernavoda Nuclear Power Plant In Romania. Energonuclear S.A., A Subsidiary Of SN Nuclearelectrica S.A.

DA Davidson analyst Brent Thielman maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Buy and raises the price target from $58 to $65.

DA Davidson Maintains Buy on Fluor, Raises Price Target to $65

<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) shares increased by 175.6% to $0.62 during Friday's pre-market session. The company's market cap stands at $17.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) stock rose 37.95% to $4.98. The company's market cap stands at $115.6 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) stock moved upwards by 24.11% to $30.21. The market value of their outstanding shares is at $875.7 million. The company's, Q3 earnings came out yesterday. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares rose 17.39% to $0.3. The company's market cap stands at $8.7 million. </li>
<li>Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) stock rose 15.15% to $539.78. The market value of their outstanding shares is at $40.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>TaskUs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TASK#NASDAQ">TASK</a>) stock increased by 12.86% to $17.55. The market value of their outstanding shares is at $1.5 billion. The company's, Q3 earnings came out yesterday. </li>
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<h3>Losers</h3>
<ul>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares decreased by 29.7% to $0.1 during Friday's pre-market session. The company's market cap stands at $3.2 million. </li>
<li>CDT Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTG#NASDAQ">CDTG</a>) shares declined by 24.82% to $3.03. The company's market cap stands at $32.4 million. </li>
<li>Blink Charging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) shares decreased by 15.43% to $1.7. The market value of their outstanding shares is at $171.9 million. The company's, Q3 earnings came out yesterday. </li>
<li>Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) stock fell 14.16% to $50.59. The company's market cap stands at $8.6 billion. As per the press release, Q3 earnings came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock fell 13.49% to $5.84. The company's market cap stands at $17.6 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares decreased by 12.61% to $8.11. The company's market cap stands at $134.8 million. As per the news, the Q3 earnings report came out today. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Pre-Market Session

Guidance

Fluor During Conference Call, Said Company 'Four Quarters Behind' Its Prior 2026 EBITDA Target

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.2% on Friday.
Following the market opening Friday, the Dow traded up 0.20% to 43,817.98 while the NASDAQ fell 0.10% to 19,250.88. The S&amp;P 500 also rose, gaining, 0.13% to 5,981.13.
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Leading and Lagging Sectors Utilities shares surged by 1% on Friday.
In trading on Friday, materials shares fell by 0.4%.
Top Headline
Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) reported worse-than-expected third-quarter financial results and cuts its FY24 adjusted EBITDA guidance.
Fluor reported quarterly earnings of 51 cents per share which missed the analyst consensus estimate of 76 cents per share. The company reported quarterly sales of $4.094 billion which missed the analyst consensus estimate of $4.738 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Northann Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCL#NYSE">NCL</a>) shares shot up 122% to $0.4977.</li>
<li>Shares of Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) got a boost, surging 93% to $0.5030. Tivic Health&#xAE; Systems will report financial results on Thursday, Nov. 14 after market close.</li>
<li>FOXO Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NYSE">FOXO</a>) shares were also up, gaining 66% to $0.6130.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ProPhase Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) shares dropped 52% to $0.69 after the company reported the pricing of public offering of common stock.</li>
<li>Shares of Evolent Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) were down 42% to $14.34 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) was down, falling 40% to $0.0891 after the company announced a $3 million public offering.</li>
</ul>
Commodities In commodity news, oil traded down 1.2% to $71.47 while gold traded up 0.1% at $2,709.70.
Silver traded up 0.2% to $31.915 on Friday, while copper fell 2% to $4.3430.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.5%, Germany's DAX fell 0.7% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.6%.
The trade gap in France increased to €8.3 billion in September versus a revised €7.7 billion gap in the previous month, while current account deficit increased to €2.1 billion in September.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 gaining 0.30%, Hong Kong's Hang Seng Index falling 1.07%, China's Shanghai Composite Index dipping 0.53% and India's BSE Sensex falling 0.07%.
Foreign exchange reserves held by the Reserve Bank of India declined to $682.1 billion as of Nov. 1. China reported a current account surplus of $149.6 billion during the third quarter compared to the $60.8 billion surplus in the year-ago period. Japan&#8217;s household spending declined by 1.1% year-over-year in September.
Economics
The University of Michigan consumer sentiment index will be released today.
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Earnings

Equities

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TIVC

US Stocks Mixed; Fluor Earnings Miss Views

Fluor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) shares plummeted after the company reported third-quarter results <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41838628/fluor-reports-third-quarter-2024-results" rel="noreferrer noopener">below street expectations.</a>
FLR&#8217;s revenue grew 3.3% year over year to $4.09 billion, missing the consensus of $4.738 billion. Adjusted EPS declined to 51 cents from $1.02 a year ago, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus of 76 cents.</a>
Sales by segment: Energy Solutions $1.428 billion (-8.1% YoY), Urban Solutions $1.93 billion (+34.9% YoY), Mission Solutions $635 million (-3.1% YoY) and Others $100 million (-69.1% YoY).
FLR recorded a total segment profit of $117 million, compared to $276 million a year ago. The margin contracted 411 bps to 2.9%.
The company reported net earnings from core operations of $60 million, down from $158 million a year ago.
The total new awards were $2.69 billion compared to $4.976 billion a year ago. New awards related to projects located outside of the U.S. totaled 68%.
Consolidated backlog surged 20.4% year-over-year to $31.32 billion, with 80% of projects being reimbursable.
Adjusted EBITDA declined 42.6% year-over-year to $124 million, and the margin declined 242 bps to 3%.
At the end of the quarter, Fluor&#8217;s cash and marketable securities were $2.9 billion, excluding amounts held by NuScale. Operating cash flow for the nine months ended September amounted to $501 million.
Buyback: Fluor&#8217;s Board of Directors approved expanding its share repurchase program to 30.5 million shares as part of its capital allocation strategy.
Fluor announced it will deconsolidate NuScale starting in the&nbsp;fourth quarter, resulting in a $1.6 billion gain. Also, the company expects to complete the sale of Stork&#8217;s U.K. operations as early as the&nbsp;first quarter&nbsp;of 2025, pending regulatory approval.
2024 Outlook: FLR tightened its adjusted EPS outlook to $2.55 to $2.75 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(prior $2.50 to $3.00) versus the $2.89 consensus.</a>
The company lowered its adjusted&nbsp;EBITDA outlook to $525 million &#8211; $575 million (prior $625 million &#8211; $675 million) and increased cash flow guidance to ~$700 million.
Price Action: FLR shares are trading lower by 16.4% at $49.25 at the last check Friday.

Engineering & Construction Company Fluor Misses Big On Q3 Earnings And Revises 2024 Guidance As Project Delays Bite

Fluor shares are trading lower after the company reported worse-than-expected Q3 financial results and cuts its FY24 adjusted EBITDA guid.

<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) shares rose 53.7% to $0.34 during Friday's pre-market session. The company's market cap stands at $9.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) stock moved upwards by 39.05% to $5.02. The market value of their outstanding shares is at $116.5 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares rose 37.3% to $33.42. The company's market cap stands at $968.8 million. The company's, Q3 earnings came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock moved upwards by 28.49% to $0.19. The market value of their outstanding shares is at $6.0 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock moved upwards by 15.21% to $0.29. The market value of their outstanding shares is at $8.6 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares rose 12.44% to $0.59. The company's market cap stands at $37.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) stock decreased by 11.8% to $52.0 during Friday's pre-market session. The company's market cap stands at $8.9 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares decreased by 11.26% to $5.99. The company's market cap stands at $18.0 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) stock fell 9.38% to $8.41. The market value of their outstanding shares is at $139.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock fell 9.12% to $0.8. The company's market cap stands at $12.9 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock declined by 8.89% to $7.08. The company's market cap stands at $5.3 million. </li>
<li>Odyssey Marine Explr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) shares declined by 8.1% to $0.49. The market value of their outstanding shares is at $10.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DFLI

OMEX

SPPL

ZCAR

<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock moved upwards by 53.7% to $0.34 during Friday's pre-market session. The market value of their outstanding shares is at $9.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) shares rose 39.05% to $5.02. The company's market cap stands at $116.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares rose 37.3% to $33.42. The market value of their outstanding shares is at $968.8 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock rose 28.49% to $0.19. The company's market cap stands at $6.0 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock moved upwards by 15.21% to $0.29. The market value of their outstanding shares is at $8.6 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) stock moved upwards by 12.44% to $0.59. The market value of their outstanding shares is at $37.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) shares fell 11.8% to $52.0 during Friday's pre-market session. The market value of their outstanding shares is at $8.9 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock decreased by 11.26% to $5.99. The market value of their outstanding shares is at $18.0 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares decreased by 9.38% to $8.41. The market value of their outstanding shares is at $139.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock decreased by 9.12% to $0.8. The market value of their outstanding shares is at $12.9 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock fell 8.89% to $7.08. The company's market cap stands at $5.3 million. </li>
<li>Odyssey Marine Explr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) stock decreased by 8.1% to $0.49. The market value of their outstanding shares is at $10.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fluor is tightening its full year adjusted EPS guidance from a range of $2.50 to $3.00 per diluted share to a range of $2.55 to $2.75 per diluted share. Adjusted EPS guidance excludes the benefit of any potential share repurchases. The company is also decreasing its full year adjusted EBITDA guidance from the previous range of $625 to $675 million to a range of $525 to $575 million. This revised guidance reflects the timing of revenue and cancellation of certain projects.
Adjusted EPS and adjusted EBITDA guidance exclude items similar to those outlined in the reconciliation table at the end of this release.

Fluor Tightens Its 2024 Adj EPS Outlook To $2.55 to $2.75 (Prior $2.50-$3.00) Vs. $2.89 Est.; Lowers Adj. EBITDA Outlook To $525M-$575M (Prior $625M-$675M)

<ul>
<li>Fluor Board of Directors approves increase in share repurchase program to 30.5 million shares authorized for repurchase in support of management's capital allocation program</li>
</ul>

Buybacks

Fluor Expands Its Buyback Program To 30.5 Million Shares, Aligning With Its Capital Strategy

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) reported quarterly earnings of $0.51 per share which missed the analyst consensus estimate of $0.76 by 32.89 percent. This is a 50 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $4.094 billion which missed the analyst consensus estimate of $4.738 billion by 13.59 percent. This is a 3.31 percent increase over sales of $3.963 billion the same period last year.

Earnings Misses

Fluor Q3 2024 Adj. EPS $0.51 Misses $0.76 Estimate, Sales $4.094B Miss $4.738B Estimate

Fluor (FLR) "announced that after more than three decades of service, Executive Vice President and Chief Financial Officer, Joe Brennan, will retir...

Fluor CFO Joe Brennan to retire

Fluor Corporation names John Regan as new CFO

Fluor ( ($FLR) ) has shared an announcement. Fluor Corporation has announced that Joe Brennan, their long-serving CFO, will retire by mid-2025, wit...

Fluor Announces CFO Transition and Strategic Focus

Ramaco Resources (METC) is pleased to announce that Fluor (FLR) in its interim preliminary techno-economic analysis of Ramaco's Brook Mine projects...

Ramaco Resources' Brook Mine confirmed as technologically feasible

Ramaco's Brook Mine rare earth deposit confirmed commercially, technically feasible

Fluor (FLR) announced that it has signed a Front-end Engineering and Design, or FEED, contract with Heidelberg Materials for its GeZero project to ...

Fluor signs FEED contract with Heidelberg Materials for GeZero project

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Fluor (FLR – Research Report), Zoomlion Heav...

Analysts Offer Insights on Industrial Goods Companies: Fluor (FLR), Zoomlion Heavy Industry Science & Technology Co (OtherZLIOF) and Daikin (OtherDKILF)

Executive reshuffles: INTC, ZS, ETSY and SEDG

Baird analyst Andrew Wittmann downgraded Fluor (FLR) to Neutral from Outperform with a price target of $58, up from $54. Published first on TheFly ...

Fluor downgraded to Neutral from Outperform at Baird

Truist analyst Jamie Cook raised the firm's price target on Fluor (FLR) to $66 from $62 and keeps a Buy rating on the shares as part of a broader r...

Fluor price target raised to $66 from $62 at Truist

BEAM

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DLTR

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JOBY

METC

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Press Releases

Fluor Reports Second Quarter 2024 Results

Fluor Announces Leadership Changes

Fluor Corporation to Hold Third Quarter Earnings Conference Call

Fluor Joint Venture Receives Notice to Proceed on Hanford Integrated Tank Disposition Contract

Fluor Reports Third Quarter 2024 Results

Fluor to Participate in Upcoming Investor Conferences

Fluor-led Joint Venture Receives Limited Notice to Proceed for Expansion of Nuclear Power Plant in Romania

Fluor Chief Financial Officer Joe Brennan to Retire; Company Names John Regan as New CFO

Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany

Indiana Sees $39 Billion Worth of Projects Under Construction, an Industrial Info News Alert

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