Boeing (BA - Free Report) reported $22.02 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.2%. EPS of -$0.47 for the same period compares to -$1.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $21.23 billion, representing a surprise of +3.73%. The company delivered an EPS surprise of +34.72%, with the consensus EPS estimate being -$0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Deliveries - Total: 157 compared to the 156 average estimate based on four analysts.
- Deliveries - Commercial Airplanes - 737: 110 versus the four-analyst average estimate of 110.
- Deliveries - Commercial Airplanes - 787: 23 versus the four-analyst average estimate of 23.
- Deliveries - Commercial Airplanes - 777: 9 versus the four-analyst average estimate of 9.
- Deliveries - Commercial Airplanes - 767: 15 versus 14 estimated by four analysts on average.
- Total revenues- Global Services: $4.85 billion compared to the $4.79 billion average estimate based on seven analysts. The reported number represents a change of +6.2% year over year.
- Total Revenues- Defense, Space & Security: $6.75 billion compared to the $6.27 billion average estimate based on seven analysts. The reported number represents a change of +9.1% year over year.
- Total Revenues- Commercial Airplanes: $10.48 billion compared to the $10.23 billion average estimate based on seven analysts. The reported number represents a change of +13.6% year over year.
- Total Revenues- Unallocated items, eliminations and other: -$58 million versus -$55.98 million estimated by seven analysts on average.
- Earnings/(loss) from operations- Global Services: $842 million compared to the $841.30 million average estimate based on four analysts.
- Earnings/(loss) from operations- Commercial Airplanes: $41 million versus the four-analyst average estimate of -$259.88 million.
- Earnings/(loss) from operations- Defense Space & Security: -$101 million compared to the -$233.15 million average estimate based on four analysts.
View all Key Company Metrics for Boeing here>>>Shares of Boeing have returned -20.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Boeing (BA - Free Report) reported $22.02 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.2%. EPS of -$0.47 for the same period compares to -$1.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $21.23 billion, representing a surprise of +3.73%. The company delivered an EPS surprise of +34.72%, with the consensus EPS estimate being -$0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Deliveries - Total: 157 compared to the 156 average estimate based on four analysts.
- Deliveries - Commercial Airplanes - 737: 110 versus the four-analyst average estimate of 110.
- Deliveries - Commercial Airplanes - 787: 23 versus the four-analyst average estimate of 23.
- Deliveries - Commercial Airplanes - 777: 9 versus the four-analyst average estimate of 9.
- Deliveries - Commercial Airplanes - 767: 15 versus 14 estimated by four analysts on average.
- Total revenues- Global Services: $4.85 billion compared to the $4.79 billion average estimate based on seven analysts. The reported number represents a change of +6.2% year over year.
- Total Revenues- Defense, Space & Security: $6.75 billion compared to the $6.27 billion average estimate based on seven analysts. The reported number represents a change of +9.1% year over year.
- Total Revenues- Commercial Airplanes: $10.48 billion compared to the $10.23 billion average estimate based on seven analysts. The reported number represents a change of +13.6% year over year.
- Total Revenues- Unallocated items, eliminations and other: -$58 million versus -$55.98 million estimated by seven analysts on average.
- Earnings/(loss) from operations- Global Services: $842 million compared to the $841.30 million average estimate based on four analysts.
- Earnings/(loss) from operations- Commercial Airplanes: $41 million versus the four-analyst average estimate of -$259.88 million.
- Earnings/(loss) from operations- Defense Space & Security: -$101 million compared to the -$233.15 million average estimate based on four analysts.
View all Key Company Metrics for Boeing here>>>Shares of Boeing have returned -20.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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