Latest news with #FluorCorp
Yahoo
2 days ago
- Business
- Yahoo
Fluor Corp (FLR) – Rallies 11% on Advanced Nuclear Development
We recently published a list of . In this article, we are going to take a look at where Fluor Corporation (NYSE:FLR) stands against other best-performing stocks on Wednesday. Fluor Corp. jumped by 10.97 percent on Wednesday to finish at $49.79 apiece, mirroring the rally in nuclear stocks amid the ongoing progress in nuclear development in the US. The rally was likely boosted by the US Air Force's milestone deal with another small modular reactor (SMR) provider, in line with the United States' plan to ramp up the adoption of nuclear reactor technologies in the country. The optimism spilled over to NuScale Power Corp., in which Fluor Corporation (NYSE:FLR) owns a significant stake. In the first quarter of the year, Fluor Corporation (NYSE:FLR) swung to an attributable net loss of $241 million from a $59 million attributable net income in the same period last year. A close-up of an engineer surveying a large-scale construction project. Revenues increased by 6.7 percent to $3.98 billion from $3.73 billion year-on-year. Fluor Corporation (NYSE:FLR) is a Texas-based engineering, procurement, and construction company that is heavy on building nuclear power plants. Overall, FLR ranks 6th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of FLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
San Francisco Chronicle
02-05-2025
- Business
- San Francisco Chronicle
Fluor: Q1 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — Fluor Corp. (FLR) on Friday reported a loss of $241 million in its first quarter. The Irving, Texas-based company said it had a loss of $1.42 per share. Earnings, adjusted for non-recurring costs, were 73 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. The engineering, construction and operations company posted revenue of $3.98 billion in the period.
Yahoo
29-03-2025
- Business
- Yahoo
Why Fluor Corp (FLR) Is Plunging in 2025?
We recently published a list of . In this article, we are going to take a look at where Fluor Corp (NYSE:FLR) stands against other construction stocks that are plunging in 2025. 2025 is shaping up to be a pivotal moment for the construction industry. Not long ago, the sector was booming. Infrastructure construction stocks soared as government contracts poured in and a broader economic expansion fueled optimism. There were massive infrastructure and energy projects with endless growth potential, and companies tied to these projects thrived. However, the pendulum has swung hard in the opposite direction. Today, the industry faces a stark slowdown, and those once-high-flying construction stocks are plunging. The U.S. GDP is expected to contract in Q1 2025, and residential and commercial projects are stalling as financing costs rise and demand weakens. Looking ahead, the outlook is murky at best. Some experts predict a modest rebound in late 2025 if interest rates ease and loan activity picks up. But considering tariffs are only getting higher, this could drive up inflation again and cause interest rates to stay up. These stocks have borne the brunt of the downturn. It's worth looking into if you want a front-row seat to the industry's ups and downs. For this article, I screened the worst-performing construction stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of an engineer surveying a large-scale construction project. Number of Hedge Fund Holders In Q4 2024: 48 Fluor Corp (NYSE:FLR) is an engineering, procurement, and construction company. It mainly provides its services to the oil & gas, industrial, and power generation industries. The stock is down significantly so far in 2025, as Fluor reported Q4 2024 adjusted earnings per share (EPS) of $0.48. It missed analysts' expectations of $0.78 by a wide margin. Revenue for the quarter was $4.26 billion and fell short of the $4.48 billion consensus estimate despite an 11% year-over-year increase. The company also issued weak guidance for 2025. It projects adjusted EPS between $2.25 and $2.75, which is below market expectations of $2.95. Also, Fluor disclosed a $116 million provision related to a jury verdict against one of its joint ventures concerning alleged incorrect designs on a project completed over 12 years ago. The consensus price target of $54.71 implies 47.27% upside. FLR stock is down 24.66% year-to-date. Overall, FLR ranks 11th on our list of construction stocks that are plunging in 2025. While we acknowledge the potential of FLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLR but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
