Fluor Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fluor (NYSE:FLR) will unveil its latest earnings on Thursday, August 2, 2012. Fluor Corporation provides professional services and project management in the fields of procurement, engineering, construction and maintenance.

Fluor Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 92 cents per share, a decline of 2.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 93 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 92 cents during the last month. Analysts are projecting profit to rise by 10.9% compared to last year’s $3.77.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 91 cents per share, and the previous quarter, it had profit of 90 cents.

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Stock Price Performance: Between May 2, 2012 and July 27, 2012, the stock price fell $7.21 (-12.5%), from $57.79 to $50.58. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 27, 2011, when shares rose for six straight days, increasing 8.1% (+$3.80) over that span. It saw one of its worst periods between July 3, 2012 and July 12, 2012 when shares fell for seven straight days, dropping 7.8% (-$3.89) over that span.

Wall St. Revenue Expectations: On average, analysts predict $6.72 billion in revenue this quarter, a rise of 11.4% from the year-ago quarter. Analysts are forecasting total revenue of $27.1 billion for the year, a rise of 15.9% from last year’s revenue of $23.38 billion.

A Look Back: In the first quarter, profit rose 10.9% to $154.9 million (91 cents a share) from $139.7 million (78 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 24.4% to $6.29 billion from $5.06 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 17.1% in the second quarter of the last fiscal year, 9.5% in the third quarter of the last fiscal year and 18.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: With 16 analysts rating the stock a buy, none rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.58 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company improved this liquidity measure from 1.53 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in current assets. Current assets increased 4.8% to $6.16 billion while liabilities rose by 1.7% to $3.9 billion.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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