Here's What Investors Must Know Ahead of Fluor's Q2 Earnings Release

Fluor’s earnings topped the consensus mark in one of the trailing four quarters and missed on the remaining three occasions, with a negative average surprise of 13.6%.

Trend in FLR’s Estimates

The Zacks Consensus Estimate for the company’s second-quarter EPS has remained unchanged at 73 cents over the past 60 days. The estimated figure indicates a 69.8% year-over-year rise from 43 cents.

The consensus estimate for revenues is pegged at $3.80 billion, indicating a decline of 4.5% from $3.98 billion reported in the year-ago quarter.

Factors Likely to Shape Fluor’s Q2 Results

Revenues

Fluor’s top-line performance in the second quarter is expected to have decreased year over year due to the timing of project awards, slower conversion of front-end engineering work into execution activities and softer revenue contributions from the Energy Solutions segment. Geopolitical uncertainties and the potential for supply-chain disruptions are also likely to have weighed on revenue recognition during the quarter.

Despite these headwinds, robust demand across data centers, life sciences, power generation, LNG, mining and critical minerals is likely to have supported business activity. These favorable market trends are likely to have resulted in continued contributions from the company’s Urban Solutions (comprising 66.5% of first-quarter 2026 total revenues) and Mission Solutions (comprising 14.3% of first-quarter 2026 total revenues) segments. Besides, a growing pipeline of front-end awards, a high-quality reimbursable backlog and disciplined project selection are likely to have partially offset the revenue decline.

Earnings

Fluor’s bottom-line performance in the second quarter is expected to have increased year over year, supported by higher-margin new awards, disciplined project selection and an increasing mix of reimbursable contracts. Continued execution of quality backlog, improving commercial terms and higher margins on newly awarded projects are also likely to have supported profitability during the quarter.

Although geopolitical uncertainty and potential supply-chain disruptions remain as risks, the company’s focus on building a higher-quality backlog, maintaining commercial discipline and expanding front-end engineering opportunities is likely to have supported margins during the quarter.

What the Zacks Model Says About Fluor

Our proven model does not conclusively predict an earnings beat for Fluor this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, this is not the case here, as you will see below.

Earnings ESP: FLR has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: The company currently carries a Zacks Rank of 5 (Strong Sell).

Stocks With the Favorable Combination

Here are some companies in the Zacks Construction sector, which per our model, have the right combination of elements to post an earnings beat in the respective quarters to be reported.

EMCOR Group, Inc. EME has an Earnings ESP of +7.90% and a Zacks Rank of 1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

EMCOR’s earnings beat estimates in three of the last four quarters, missed on the remaining occasion, the average surprise being 12.2%. EME’s earnings for the third quarter of 2026 are expected to increase 19.9% year over year.

United Rentals, Inc. URI currently has an Earnings ESP of +1.42% and a Zacks Rank of 1.

URI’s earnings beat estimates in two of the last four quarters, missed on the remaining two occasions, the average surprise being 1%. United Rentals’ earnings for the third quarter of 2026 are expected to increase 16% year over year.

Dycom Industries, Inc. DY currently has an Earnings ESP of +0.69% and a Zacks Rank of 3.

DY’s earnings beat estimates in each of the trailing four quarters, the average surprise being 25%. Dycom’s earnings for the second quarter of fiscal 2027 are expected to grow 39% year over year.

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