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Boeing (NYSE:BA) is scheduled to announce Q4 earnings results on Wednesday, January 25th, before market open.
The consensus EPS Estimate is $0.20 (+102.6% Y/Y) and the consensus Revenue Estimate is $20.1B (+35.9% Y/Y).
Over the last 2 years, BA has beaten EPS estimates 13% of the time and has beaten revenue estimates 25% of the time.
Over the last 3 months, EPS estimates have seen 2 upward revisions and 12 downward. Revenue estimates have seen 7 upward revisions and 7 downward.
The airplane giant in late October reported a Q3 miss, which sent its stock plummeting ~8%.
Boeing has a Quant rating of HOLD, with a 3.22 rating score.
Wall Street analysts rate the BA stock BUY, while a majority of Seeking Alpha authors rate the stock HOLD. BA has an industry ranking of 15 out of 61 in the aerospace and defense sector, as per SA’s Quant ranking.
Recent analysis: SA contributor Dhierin Bechai in his latest report wrote “Boeing already has shared it expects $2.5 billion in free cash flow for the fourth quarter, and I’m seeing analyst estimates that seem to be a bit on the high side. Combining that with some concerns of the state of the economy, I do think that could make Boeing prone to profit-taking as even satisfactory results might not be enough and misses could lead to strong market reactions”.
Bechai also highlighted that another growth driver for the airplane maker is the return of the 787 program.
Credit Suisse, in its January 12th report, said “We are upgrading BA to Neutral (from Underperform) as several key parts of our original thesis are no longer defensible in light of the company’s improved operational performance”.
Credit Suisse said it sees upside for Q4 FCF at $3.0B vs. Street expectations of $2.5B.
Recent news: Last week, Boeing was ordered to appear in court over the 2 fatal crashes of its 737 MAX airplane – the Lion Air crash in Indonesia in October 2018 and the Ethiopian Airlines crash in Ethiopia in March 2019.
BA stock fell 8.4% in 2022, while the benchmark S&P 500 (SP500) slid nearly 20% for the year.
