Fluor (NYSE:FLR) reported its Q1 earnings results on Friday, May 5, 2023 at 06:50 AM.
Here’s what investors need to know about the announcement.
Earnings
Fluor missed estimated earnings by 24.32%, reporting an EPS of $0.28 versus an estimate of $0.37.
Revenue was up $630.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 2.62% drop in the share price the next day.
Here’s a look at Fluor’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.47 | 0.43 | 0.29 | 0.17 |
| EPS Actual | 0.43 | 0.07 | 0.13 | 0.16 |
| Revenue Estimate | 3.80B | 3.65B | 3.37B | 2.88B |
| Revenue Actual | 3.71B | 3.61B | 3.30B | 3.12B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Fluor management provided guidance for FY 2023, expecting earnings between $1.5 and $1.9 per share.
To track all earnings releases for Fluor visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
