Why Fluor Stock Flopped Today
(NYSE: FLR) published its final earnings report for 2024 on Tuesday, and investors reacted by trading the company's stock down aggressively. This resulted in a nearly 9% share-price erosion on the day, a performance that was notably worse than the 0.2% gain of the bellwether S 500 index.
Fluor's fourth quarter of that year saw the engineering and construction conglomerate earn $4.26 billion, 11% higher than in the same period of 2023. Going in the other direction was non-GAAP (adjusted) net income, which fell by 28% to $84 million ($0.48 per share).
Unfortunately for Fluor, neither headline metric reached the consensus analyst estimate. On average, pundits tracking the stock were modeling $4.48 billion for revenue and felt the company would net $0.78 per share in adjusted bottom-line profitability.
Source Fool.com
Fluor Corp. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 54 € shows a positive potential of 22.59% compared to the current price of 44.05 € for Fluor Corp..
