The Boeing Co. (BA - Free Report) is a premier jet aircraft manufacturer and is also one of the largest defense contractors in the U.S. Its revenue exposure is spread across more than 90 countries around the globe.
In the race for supremacy in the commercial skies, the North American jet plane maker – Boeing − has surpassed its European rival Airbus in 2017 for the sixth consecutive year. Competition between Airbus and Boeing has been characterized as a duopoly in the large jet airliner market since the 1990s.
Estimates Revision & Earnings Surprise Trend
Boeing’s earnings estimates revision for the fourth quarter has remained same over the past 7 days.
It also have an impressive history in earnings season, reporting positive earnings surprises in the last four quarters with an average beat of 5.84%.
Zacks Rank: Currently, Boeing has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Our consensus called for earnings of $2.91 and the company reported adjusted earnings per share of $4.80.
Revenue: Revenues surpassed the expectations. Boeing posted revenues of $25.37 billion, compared to our consensus estimate of $24.83 billion.
Key Stats to Note: Boeing ended 2017 with total backlog of $488.1 billion, up from $473.5 billion at 2016-end.
During 2017, the company repurchased 46.1 million shares for $9.2 billion and paid $3.4 billion in dividends.
Market Reaction: Boeing’s shares moved up about 3.6% in pre-market trading following the release, at the time of this write-up, thereby reflecting investors’ optimism toward this earnings results.
Check back later for our full write up on this Boeing earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Boeing Co. (BA - Free Report) is a premier jet aircraft manufacturer and is also one of the largest defense contractors in the U.S. Its revenue exposure is spread across more than 90 countries around the globe.
In the race for supremacy in the commercial skies, the North American jet plane maker – Boeing − has surpassed its European rival Airbus in 2017 for the sixth consecutive year. Competition between Airbus and Boeing has been characterized as a duopoly in the large jet airliner market since the 1990s.
Estimates Revision & Earnings Surprise Trend
Boeing’s earnings estimates revision for the fourth quarter has remained same over the past 7 days.
It also have an impressive history in earnings season, reporting positive earnings surprises in the last four quarters with an average beat of 5.84%.
Zacks Rank: Currently, Boeing has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Our consensus called for earnings of $2.91 and the company reported adjusted earnings per share of $4.80.
Revenue: Revenues surpassed the expectations. Boeing posted revenues of $25.37 billion, compared to our consensus estimate of $24.83 billion.
Key Stats to Note: Boeing ended 2017 with total backlog of $488.1 billion, up from $473.5 billion at 2016-end.
During 2017, the company repurchased 46.1 million shares for $9.2 billion and paid $3.4 billion in dividends.
Market Reaction: Boeing’s shares moved up about 3.6% in pre-market trading following the release, at the time of this write-up, thereby reflecting investors’ optimism toward this earnings results.
Check back later for our full write up on this Boeing earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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