Skip to Content

Fluor Corp FLR

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Fluor Issues Disappointing Guidance for Full Year 2021

Analyst Note

| Krzysztof Smalec, CFA |

We expect to lower our $19 fair value estimate for Fluor by around 5% after the engineering and construction firm reported its fourth-quarter 2020 earnings. Fluor’s fourth-quarter revenue of $3,656 million fell short of the FactSet consensus estimate of $3,714 million, but more importantly, the company issued disappointing guidance for full year 2021. While Fluor maintained its long-term target adjusted EPS range of $3.00 to $3.50 by 2024, its 2021 adjusted EPS guidance range of $0.50 to $0.80 came in below our previous $1.00 estimate. Our fair value reduction reflects more muted near-term revenue growth and operating margin projections.

Read Full Analysis

Company Profile

Business Description

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company’s business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor employs over 40,000 workers in more than 60 countries. The company generated $15.7 billion in revenue in 2020.

Contact
6700 Las Colinas Boulevard
Irving, TX, 75039
T +1 469 398-7000
Sector Industrials
Industry Engineering & Construction
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 43,717

Related