Engineering Success - Research Report on Fluor Corporation, Jacobs Engineering Group Inc., KBR, Inc., Tutor Perini Corp and Quanta Services Inc.
NEW YORK, February 25, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Fluor Corporation (NYSE:FLR), Jacobs Engineering Group Inc. (NYSE:JEC), KBR, Inc. (NYSE:KBR), Tutor Perini Corp (NYSE:TPC) and Quanta Services Inc. (NYSE:PWR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Fluor Corporation Research Report
Fluor saw its stocks fall 2 percent this week despite posting better-than-expected financial results for Q4 2012, as well as posting solid earnings guidance for 2013. The company delivered a profit with a 75.56 percent increase in adjusted earnings per share to $1.58 from 90 cents posted the same time last year, while revenues rose 12.32% to $7.02 billion year over year. The numbers are true despite the "surprising and unexpected" adverse arbitration decision on their Greater Gabbard claims, according to chief executive David Seaton. In addition, Fluor was recently awarded a series of follow-on contracts from Barrick Gold for new scopes of work at the Pascua-Lama mining project at the Argentina/Chile border. The deal is included in the company's Q4 2012 backlog. The Full Research Report on Fluor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/192e_FLR]
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Jacobs Engineering Group Inc. Research Report
Jacobs Engineering secured another contract from NASA, beating weapons maker Lockheed Martin to a $1.93 billion 5-year cost-plus-award-fee services contract where it will provide engineering, technology, and science services to NASA's Johnson Space Center in Houston, Texas. The deal is part of a much larger contract serving the agency's Engineering Directorate and Astromaterials Research and Exploration Science Directorate, where services like sustaining engineering, engineering design and development, technology development, test services will be provided to various NASA programs and offices. Jacobs will be assisted by a group of subcontractors including United Technologies, Alliant TechSystems, Boeing, and Oceaneering International. The Full Research Report on Jacobs Engineering Group Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/410a_JEC]
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KBR, Inc. Research Report
KBR, known for its military contracts, released its Q4 2012 financial numbers on February 20, where they beat expectations on earnings per share. The company's EPS came in at 20 cents, trouncing the estimated 2 cents per share, but was 67% lower than the prior-year quarter's $0.60 per share. However, revenue failed to meet the expected $2.1 billion at only $1.87 billion, and is 11 percent lower year over year. Nevertheless, the company is set to bounce back this year amid the so-called "shale revolution," with areas of development for gas processing, fractionation, petrochemicals, exports for liquefied natural gas (LNG), and generating power from gas. KBR, in particular is seen to win gas-to-liquids, LNG, ammonia, and petrochemical work in North America. The Full Research Report on KBR, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/4855_KBR]
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Tutor Perini Corp Research Report
Tutor Perini announced that it has won the bidding of the $102.7 million replacement of the City Island Road Bridge over Eastchester Bay, where it will be building New York State's first cable-stayed bridge. Work is expected to begin in April 2013 with substantial completion expected by July 2016. Meanwhile, the company posted earnings this week with increases in earnings per share and revenue, although they did miss expectations. Adjusted earnings per share grew 32% to 66 cents in the quarter versus 50 cents per share in the year-earlier quarter, while revenue increased 1.35% from $1.1 billion sequentially, but was .05 percent less year over year at $1.11 billion. The consensus estimates were 67 cents per share and $1.15 billion for earnings per share and revenue, respectively. The Street upgraded the company from "sell" to "hold," citing improved cash flow and debt. The Full Research Tutor Perini Corp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/a6f0_TPC]
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Quanta Services Inc. Research Report
Quanta Services fourth-quarter earnings rose 49% at $99 million or 46 cents a share, up from $66.3 million or 32 cents year over year due to increased electric-power revenue. However, the company warned it expects emergency-restoration revenue to return to "more normalized levels" during 2013 as regulatory and permitting hurdles could hurt in the long term. Nevertheless, analysts are bullish on companies like Quanta which provide services to energy transmission companies, and expect a combination of factors to drive a three-fold increase in North American transmission spending over the next 10 years. The Full Research Report on Quanta Services Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/a080_PWR]
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SOURCE Investors-Alliance
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