Summary

• Fluor Corporation is expected to perform well in 2024 due to a consistent influx of contracts, which will contribute to revenue growth.
• The company has a favorable valuation and is projected to experience strong revenue and earnings growth in the current year.
• These positive factors indicate a promising outlook for Fluor Corporation in 2024.
   

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Fluor Corporation (FLR) looks positive in 2024 as it has been getting a steady amount of contracts to boost revenue. The company has a reasonable low valuation with strong expected consensus revenue and earnings growth for this year. I expect the stock to have a positive year in 2024 as revenue/earnings growth drive the stock higher from the low valuation level.

Fluor is involved in engineering, construction, maintenance, and supporting services for the energy, infrastructure, metals/mining, life sciences, and advanced technology industries. Fluor operates globally with projects all over the world. The company also serves various governments for a variety of projects. Fluor's services are needed to solve a variety of projects including standard construction, but also highly technical projects such as decarbonization, carbon capture, waste-to-energy, nuclear power, and more.

Recent Contract Awards for Ongoing Growth

Fluor has been getting a steady flow of contracts, which has been providing consistent growth. Here are some recent contract awards. In the beginning of November 2023, Fluor was awarded a contract from BHP Canada (BHP) to develop stage 2 of its Jansen Potash project in Saskatchewan as part of its Metals & Mining business. The amount of the contract was not disclosed, but it is considered a multi-million dollar project.

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