Fluor Analysts Increase Their Forecasts Following Better-Than-Expected Q2 Earnings

Fluor Corporation (NYSE: FLR ) on Friday reported better-than-expected second- quarter results.

Adjusted earnings of 91 cents per share beat the analyst consensus estimate of 70 cents.

Revenue rose 9% year over year to $4.33 billion, exceeding estimates of $3.92 billion.

Fluor revised its 2026 adjusted EBITDA guidance to $500 million-$525 million from $525 million-$560 million, reflecting the removal of the Mexican JV’s expected second-half contribution.

The company maintained its segment margin outlook of 2.5%-3.0% for Urban Solutions, 6%-7% for Energy Solutions and 6% for Mission Solutions. “Our second quarter awards demonstrate the successful pull-through of our front-end work and the confidence clients have in Fluor to advance their most important investments,” said Jim Breuer, chief executive officer of Fluor. “These awards reflect conversion of our prospect pipeline, which we continue to replenish with additional opportunities.

We remain focused on disciplined growth in our selected markets, strategic capital allocation and long-term value creation for our clients and shareholders.” Fluor shares jumped 16.9% to close at $57.00 on Friday.

These analysts made changes to their price targets on Fluor following earnings announcement.

Barclays analyst Adam Seiden maintained the stock with an Equal-Weight rating and raised the price target from $40 to $50.

Baird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $49 to $65.

Considering buying FLR stock? Here’s what analysts think: Photo via Shutterstock