Fluor (NYSE: FLR) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Fluor beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew.

Gross margins increased, operating margins grew, net margins dropped.

Revenue details
Fluor reported revenue of $7.19 billion. The 15 analysts polled by S&P Capital IQ wanted to see revenue of $6.89 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $6.29 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.02. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.96 per share. GAAP EPS of $1.02 for Q1 were 12% higher than the prior-year quarter's $0.91 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 4.8%, 40 basis points better than the prior-year quarter. Operating margin was 4.3%, 50 basis points better than the prior-year quarter. Net margin was 2.3%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $7.17 billion. On the bottom line, the average EPS estimate is $1.02.

Next year's average estimate for revenue is $29.10 billion. The average EPS estimate is $4.16.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,248 members out of 1,279 rating the stock outperform, and 31 members rating it underperform. Among 253 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 give Fluor a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluor is outperform, with an average price target of $74.39.

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