Expectations trend
FY2028 · fiscal year ending 2028-01-02 · fmp
KBR, Inc. (KBR)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-11-05
$38.04-4.04%
Close 2026-11-05 · 1-day change
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
4.06 → 4.02 EPS · FY ending Jan 2, 2028 · 6 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for KBR yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Cash from operating activities at least $110 million | Cash from operations is improving, supporting financial flexibility. | Intact | Cash from operations falls below $98 million next year | Cash from operations: $170M FY2026-Q3; GAAP. Published target: >= $110 million. The stored target says 2026-Q1; this source reports FY2026-Q3. Fiscal/calendar alignment needs review. Oct 29, 2026170,000,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-01-02 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
KBR is a cyclical industrial and services business, with its thesis tied to core-market demand and execution. The long-term thesis is intact, though recent company momentum weakened and the risk rating rose to elevated.
KBR is described as cheap versus peers, and the pricing assessment is justified, with low fragility. The negative expectations gap suggests market expectations are cautious, but confidence in that assessment is medium.
Near term, Q3 revenue increased year over year and STS revenue and backlog grew, while operating income declined partly because of separation costs and SG&A. The Mission Technology Solutions separation is advancing, but consolidated bookings and options were below revenue, and the sector backdrop is a headwind.
The multi-year view depends on completing the separation and sustaining growth in core-market backlog and bookings while managing costs. Near term, a guidance cut would be a meaningful negative; continued strong results from industrial bellwethers could support the sector backdrop, while weaker results could remove that support.
Over the next 1 to 3 years, KBR’s thesis rests on separation execution and core business progress, with cheap peer-relative valuation offset by elevated risk and sector headwinds. Recent results keep the thesis intact, but its momentum has weakened. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| The company maintains a stable dividend of $0.165 per share. |
| Intact |
| Dividend per share cut below $0.165 |
Dividend per share: $0.17 per share FY2026-Q3; GAAP. Published target: $0.165 per share. The stored target says 2026-Q1; this source reports FY2026-Q3. Fiscal/calendar alignment needs review. Oct 29, 20260.165 USD/share · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue near $8.15 billion | Revenue is expected near $8.15 billion in 2026. | Intact | Revenue falls below $7.75 billion in FY26 | Revenue: $2.028B FY2026-Q3; GAAP. Published target: ~$8.15B. Annual target cannot be compared with a quarterly or TTM observation. Oct 29, 20262,028,000,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$4.13 → $4.02 · observed estimates
$8.42B → $8.45B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $4.13 | $8,424,085,875 | 6 / 7 |
| 2026-07-25 | $4.13 | $8,424,085,875 | 6 / 7 |
| 2026-07-26 | $4.14 | $8,414,401,365 | 6 / 7 |
| 2026-07-27 | $4.14 | $8,414,401,365 | 6 / 7 |
| 2026-07-28 | $4.14 | $8,414,401,365 | 6 / 7 |
| 2026-07-29 | $4.14 | $8,414,401,365 | 6 / 7 |
| 2026-07-30 | $4.14 | $8,414,401,365 | 6 / 7 |
| 2026-07-31 | $4.08 | $8,397,179,142 | 5 / 7 |
| 2026-08-01 | $4.08 | $8,397,179,142 | 5 / 7 |
| 2026-08-02 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-03 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-04 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-05 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-06 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-07 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-08 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-09 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-10 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-12 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-13 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-14 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-15 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-16 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-17 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-18 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-19 | $4.08 | $8,516,889,406 | 5 / 7 |
| 2026-08-20 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-21 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-22 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-23 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-24 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-25 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-26 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-27 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-28 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-29 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-30 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-08-31 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-01 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-02 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-03 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-04 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-05 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-06 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-07 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-08 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-09 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-10 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-11 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-12 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-13 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-14 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-15 | $4.02 | $8,514,769,138 | 6 / 7 |
| 2026-09-16 | $4.02 | $8,514,769,138 | 6 / 7 |
| 2026-09-17 | $4.02 | $8,514,769,138 | 6 / 7 |
| 2026-09-18 | $4.02 | $8,514,769,138 | 6 / 7 |
| 2026-09-19 | $4.02 | $8,514,769,138 | 6 / 7 |
| 2026-09-20 | $4.04 | $8,492,538,656 | 5 / 7 |
| 2026-09-21 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-22 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-23 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-24 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-25 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-26 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-27 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-28 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-29 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-09-30 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-10-01 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-10-02 | $4.04 | $8,492,538,656 | 6 / 7 |
| 2026-10-03 | $4.06 | $8,507,260,117 | 6 / 7 |
| 2026-10-04 | $4.06 | $8,507,260,117 | 6 / 7 |
| 2026-10-05 | $4.06 | $8,507,260,117 | 6 / 7 |
| 2026-10-06 | $4.06 | $8,507,260,117 | 6 / 7 |
| 2026-10-07 | $4.06 | $8,507,260,117 | 6 / 7 |
| 2026-10-08 | $4.06 | $8,507,260,117 | 6 / 7 |
| 2026-10-09 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-10 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-11 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-12 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-13 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-14 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-15 | $4.06 | $8,507,280,449 | 6 / 7 |
| 2026-10-16 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-17 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-18 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-19 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-20 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-21 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-22 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-23 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-24 | $4.08 | $8,516,024,894 | 6 / 7 |
| 2026-10-25 | $4.06 | $8,494,232,054 | 6 / 7 |
| 2026-10-26 | $4.06 | $8,494,232,054 | 6 / 7 |
| 2026-10-27 | $4.06 | $8,494,232,054 | 6 / 7 |
| 2026-10-28 | $4.06 | $8,494,232,054 | 6 / 7 |
| 2026-10-29 | $4.06 | $8,494,232,054 | 6 / 7 |
| 2026-10-30 | $4.04 | $8,488,120,942 | 6 / 7 |
| 2026-10-31 | $4.02 | $8,451,154,833 | 6 / 7 |
| 2026-11-01 | $4.02 | $8,451,154,833 | 6 / 7 |
| 2026-11-02 | $4.02 | $8,451,154,833 | 6 / 7 |
| 2026-11-03 | $4.02 | $8,449,031,981 | 6 / 7 |
| 2026-11-04 | $4.02 | $8,449,031,981 | 6 / 7 |
| 2026-11-05 | $4.02 | $8,449,031,981 | 6 / 7 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 4 Buy / Strong Buy · 4 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 2 recorded
0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.