Fluor (NYSE:FLR) reported Q4 EPS of $0.90, better than analyst estimates of $0.82 per share. Revenues for the quarter rose 18.7% year-over-year to $6.25 billion, missing consensus estimates of $6.38 billion.
"I am pleased that Fluor has delivered another year of strong new awards, resulting in double-digit backlog growth and earnings per share at the top end of our expectations for 2011," said Chairman and Chief Executive Officer David Seaton. "We continue to have a strong prospect list which supports our growth projection for 2012."
Fluor (NYSE:FLR) has potential upside of 15.9% based on a current price of $60.36 and an average consensus analyst price target of $69.95.
Fluor is currently above its 50-day moving average (MA) of $54.46 and above its 200-day of $58.05.
In the last five trading sessions, the 50-day MA has climbed 0.52% while the 200-day MA has remained constant.
Fluor Corporation is a professional services company. The Company provides engineering, procurement, construction and maintenance as well as project management services on a global basis. Fluor also provides outsourcing of maintenance services and asset operations, equipment rental and sales, business support services, and other services.
