Consensus estimates place Q3 2026 EPS at $0.77 on revenue of $2.00 billion, with the stock currently trading near $75.64 against an average analyst price target of $115.00.
The primary focus for investors is the resolution of six "challenged" renewable energy projects that have driven significant cost overruns and margin compression throughout fiscal 2026.
Management has guided for Energy segment gross margins to stabilize between 6% and 8% this quarter as these projects reach mechanical completion. Despite recent headwinds, a record $13.86 billion total backlog and the strategic acquisition of PayneCrest signal a potential earnings recovery heading into 2027.