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Compared to Estimates, Boeing (BA) Q4 Earnings: A Look at Key Metrics
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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.
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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Compared to Estimates, Boeing (BA) Q4 Earnings: A Look at Key Metrics
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.