Fluor rallies on Q2 results beat

** Fluor Corp shares rose 5.6% to $51.50 premarket.

** The construction firm posted Q2 adjusted EPS of 91 cents and revenue of $4.3 billion, beating analysts' consensus estimates of 70 cents and $3.92 billion, according to data compiled by LSEG.

** New awards jumped to $6.1 billion from $1.8 billion a year earlier.

** Total backlog fell 4.7% year over year to $26.9 billion, as of June 30.

** The company narrowed its 2026 adjusted EBITDA forecast to $500 million-$525 million, citing lost contribution from the divested Mexico JV.

** Five of nine brokerages rate the stock "buy" or higher and four "hold"; the median price target is $52.5.

** As of the last close, the stock was up about 23% year to date.