) is set to report its first-quarter 2014 results on May 1 after
market closes. The company delivered a positive surprise of 3.06%
in the last quarter. Let's see how things are shaping up for this
Growth Factors in the Past Quarter
After a dismal fourth quarter, the first quarter for the
company seemed better in the light of steady contracts. Fluor's
Cavendish-Fluor partnership was chosen as the preferred bidder to
control and handle decommissioning of the UK's Magnox power
plants as well as several nuclear research facilities. This
apart, the company also completed procurement and construction
management services for the manufacturing facility of Cytec
Carbon Fibers, LLC.
In addition, the company continues to benefit from a
significant rise in Oil & Gas and Power contracts.
Our proven model does not conclusively show that Fluor is
likely to beat estimates this quarter. This is because a stock
needs to have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below:
Flour has an Earnings ESPof 0.00%
Zacks Rank #2 (Buy):
Fluor's Zacks Rank #2 although is a healthy indicator of positive
surprise, but because the Zacks Rank #2 is combined with a 0.00%
ESP, it makes surprise prediction difficult. We caution against
stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into
the earnings announcement, especially when the company is seeing
negative estimate revisions momentum.
Other Stocks to Consider
NRG Yield, Inc.
), Earnings ESP of +23.53% and Zacks #1 Rank (Strong Buy).
AGL Resources Inc.
), Earnings ESP of +14.60% and Zacks #1 Rank.
Chesapeake Utilities Corp.
), Earnings ESP of +0.63% and Zacks #2 Rank.
CHESAPEAKE UTIL (CPK): Free Stock Analysis
FLUOR CORP-NEW (FLR): Free Stock Analysis
AGL RESOURCES (GAS): Free Stock Analysis
NRG YIELD INC-A (NYLD): Free Stock Analysis
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