Report
David Silver
EUR 101.80 For Business Accounts Only

KBR: Reports Clean, Strong 4Q EPS, but Stock Falls 13% on Concerns Tied to Rising LNG Project Costs.

We plan to raise our fair value estimate to roughly $18 per share from $17 for no-moat Engineering & Construction KBR following clean, strong fourth-quarter results and our updated financial forecasts. Our 2018 forecasts are more optimistic than management guidance, which we view as overly conservative.    
KBR stock fell more than 13% intraday following the earnings release, as investors reacted to details related to rising costs at power units for the large Ichthys Onshore LNG export facil...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Silver

Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch