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FLR Slips on Analyst Comment
According to the AP, an analyst at Jefferies & Company announced that customers of Fluor Corporation (FLR - Analyst Report) are cutting back in the recession, sending shares lower by more than 7% Monday.
However, the analyst also said that the company could surpass expectations for this year. FLR has a good record for beating Wall Street's quarterly earnings expectations, having put together an average surprise of almost 13% over the past 4 quarters.
The consensus estimate for this year is down to $3.76 from $3.84 over the past 2 months.
FLR is currently a Zacks #3 Rank ("Hold") company.
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| Market Summary | Feb 10, 2010 08:02 am ET |
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