
Fluor (FLR) Stock Forecast & Price Target
Fluor (FLR) Analyst Ratings
Bulls say
Fluor is supported by a more diversified earnings base across urban, mission, and energy solutions, with secular growth exposure in data centers, life sciences, mining, nuclear, and power that should help drive double-digit earnings growth over the medium term with less concentration risk. The company also posted $15.5 billion in 2025 revenue and has a large, high-quality backlog that is about 85% cost reimbursable, while recent awards of $6.1 billion and a pipeline above $60 billion point to sustained bookings momentum and improving visibility. Despite some one-time project noise, its strong cash position of $3.0 billion, ongoing $1.4 billion share repurchase authorization, and shrinking legacy problem projects leave investors focused on a cleaner operating profile and a stronger free cash flow trajectory.
Bears say
Fluor is facing a mixed fundamental backdrop where strong 2Q’26 execution was offset by a still-elevated dependence on project wins and a backlog that fell 5% y/y to $26.891B, with Energy Solutions backlog down 38% y/y to $3.461B. Although revenue rose 9% y/y to $4.329B and adjusted EPS of $0.91 beat estimates, the quarter included about $0.23 of charges tied to Gordie Howe, underscoring persistent project-execution risk and volatility in earnings quality. The company’s awards momentum and book-to-burn of 1.4x are encouraging, but with about 85% of backlog cost reimbursable and management still citing macro, supply-chain, regulatory, and labor risks, upside in profitability remains constrained.
This aggregate rating is based on analysts' research of Fluor and is not a guaranteed prediction by Public.com or investment advice.
Fluor (FLR) Analyst Forecast & Price Prediction
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