Fluor Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Fluor Corp FLR is expected to release financial results for its third quarter, before the opening bell on Nov. 3, 2023.

Analysts expect the company to post quarterly earnings at 56 cents per share, up from year-ago earnings of 7 cents per share. The company’s revenue might come in at $3.89 billion, compared to $3.58 billion in the year-ago period.

Fluor recently announced that Stork UK, a Fluor company, has secured a three-year contract with Sellafield Ltd for its nuclear site in the United Kingdom. Fluor will recognize the contract value in the third quarter of 2023.

Fluor shares gained 3.1% to close at $34.63 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and raised the price target from $40 to $41 on Oct. 23, 2023. This analyst has an accuracy rate of 79%.
• UBS analyst Steven Fisher upgraded the stock from Neutral to Buy and increased the price target from $35 to $47 on Oct. 4, 2023. This analyst has an accuracy rate of 73%.
• Baird analyst Andrew Wittmann maintained an Outperform rating and cut the price target from $43 to $42 on Sept. 27, 2023. This analyst has an accuracy rate of 76%.
• Credit Suisse analyst Jamie Cook maintained a Neutral rating and increased the price target from $32 to $38 on Aug. 7, 2023. This analyst has an accuracy rate of 69%.

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