Fluor Corp

FLR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$72.00	Xnvn	Dwhl

Fluor Earnings: Strong Backlog and Prospect Pipeline Position Firm Well for Continued Growth

Krzysztof Smalec

Nov 3, 2023

We’ve raised our fair value estimate for Fluor to $37.50 from $36 after the engineering and construction firm reported solid third-quarter results and increased its full-year outlook for the second time this year. The fair value adjustment is driven by Fluor’s outperformance as well as time value of money.

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