Fluor Misses on Revenues but Beats on EPS

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Fluor (NYS: FLR) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fluor missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.

Margins improved across the board.

Revenue details
Fluor notched revenue of $6.25 billion. The 19 analysts polled by S&P Capital IQ wanted to see a top line of $6.38 billion on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $5.27 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.90. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.82 per share on the same basis. GAAP EPS of $0.89 for Q4 were 37% higher than the prior-year quarter's $0.65 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 5.0%, 310 basis points better than the prior-year quarter. Operating margin was 4.0%, 320 basis points better than the prior-year quarter. Net margin was 2.4%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.24 billion. On the bottom line, the average EPS estimate is $0.87.

Next year's average estimate for revenue is $27.21 billion. The average EPS estimate is $3.78.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,280 members out of 1,317 rating the stock outperform, and 37 members rating it underperform. Among 342 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 336 give Fluor a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluor is outperform, with an average price target of $71.16.

At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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