(FLR) - Fluor Corporation - beat the Street's earnings estimate in four out of the past five quarters by an average margin of 26.0%

Fluor Corporation (FLR), a Zacks #1 Rank stock, exceeded analysts' earnings expectations in four out of the past five quarters, most recently by 11.1%. On Aug 3, the Board of Directors declared a quarterly cash dividend of 20 cents per common share of stock. FLR is currently yielding 1.0% and has a five-year average dividend yield of 1.5%. Tags: FLR, Fluor Corporation, Stock-market, Stocks, Investing, Stock Trading, Finance, Trading, Investing Newsletter, Stock Picks, analysts estimates Full Analysis Fluor Corporation provides engineering, procurement, construction, operations and maintenance and project management services worldwide. The company serves industries, such as oil and gas, the United States Government, chemical and petrochemicals, life sciences, manufacturing, power and transportation infrastructure. FLR beat the Street's earnings estimate in four out of the past five quarters by an average margin of 26.0%. In each of the four quarters the company produced a double-digit earnings surprise. Earnings per share grew 10% over the past five years and are forecasted to grow by a larger magnitude going forward—14% over the next 3-5 years. The company is expected to release its third-quarter results on Nov 6. On Aug 7, FLR reported second-quarter earnings per share of 80 cents. This amounted to an 11.1% positive earnings surprise and a 37.9% year-over-year improvement. Revenues came in at $3.46 billion versus $2.92 billion in the second quarter of 2005. The company said it received a record $5.75 billion in total new contracts compared to $3.23 billion a year earlier. FLR's oil and gas and industrial and infrastructure segments led the way with $2.6 billion and $2.3 billion, respectively, in new awards. For the first six months of 2006, FLR posted profits of $155.4 million. This compares with $31.0 million achieved in the first six months of 2005, which included a pre-tax charge of $65.0 million for a hotel project in the Caribbean. Revenues jumped 22.4% to $7.1 billion from $5.8 billion. The company reiterated its guidance for full-year 2006 earnings per share between $2.90 and $3.20. The Board of Directors declared a quarterly cash dividend of 20 cents per common share of stock on Aug 3. The company has a current dividend yield of 1.0% and a five-year average dividend yield of 1.5%. The company's return on equity of 18% illustrates management's success in enhancing shareholder value. This is nearly three times greater when compared to the industry average of 7%. FLR is a FORTUNE 500 company that is ranked #1 in FORTUNE magazine's “Engineering, Construction” category of America's largest corporations. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home