Fluor Corp. (NYSE:FLR) on Friday reported downbeat third-quarter 2026 results.

The company posted adjusted EPS of 77 cents, missing the 80-cent estimate, while revenue of $3.72 billion fell short of the $4.164 billion estimate.

Chief Financial Officer John Regan said, "During late October one of our reimbursable clients notified us of changes to its project scope. We are still evaluating the impact on backlog, but based on our early assessment we could expect a reduction of approximately $2 billion as early as Q4."

Fluor affirmed 2026 adjusted EBITDA guidance of $500 million-$525 million and adjusted EPS guidance of $2.70-$2.80. It raised adjusted operating cash flow guidance to $430 million-$460 million from $300 million-$320 million.

Fluor shares gained 7.5% to trade at $49.97 on Monday.

These analysts made changes to their price targets on Fluor following earnings announcement.

• Baird analyst Andrew Wittmann maintained the stock with a Neutral and lowered the price target from $64 to $56.
• Truist Securities analyst Jamie Cook reiterated the stock with a Buy and cut the price target from $71 to $62.

Considering buying FLR stock? Here’s what analysts think:

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