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Here's What Key Metrics Tell Us About Boeing (BA) Q1 Earnings

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For the quarter ended March 2026, Boeing (BA - Free Report) reported revenue of $22.22 billion, up 14% over the same period last year. EPS came in at -$0.20, compared to -$0.49 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $21.46 billion, representing a surprise of +3.53%. The company delivered an EPS surprise of +78.85%, with the consensus EPS estimate being -$0.95.

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: 143 compared to the 140 average estimate based on two analysts.
  • Deliveries - Commercial Airplanes - 737: 114 versus 114 estimated by two analysts on average.
  • Deliveries - Commercial Airplanes - 787: 15 versus 16 estimated by two analysts on average.
  • Deliveries - Commercial Airplanes - 777: 8 versus 6 estimated by two analysts on average.
  • Deliveries - Commercial Airplanes - 767: 6 compared to the 5 average estimate based on two analysts.
  • Revenues- Commercial Airplanes: $9.2 billion versus the four-analyst average estimate of $10.02 billion. The reported number represents a year-over-year change of +13%.
  • Revenues- Unallocated items, eliminations and other: $45 million versus the four-analyst average estimate of $-47.57 million. The reported number represents a year-over-year change of -475%.
  • Revenues- Global Services: $5.37 billion compared to the $4.99 billion average estimate based on four analysts. The reported number represents a change of +6.1% year over year.
  • Revenues- Defense, Space & Security: $7.6 billion versus the four-analyst average estimate of $6.69 billion. The reported number represents a year-over-year change of +20.7%.
  • Earnings/(loss) from operations- Commercial Airplanes: $-563 million versus $-767.33 million estimated by three analysts on average.
  • Earnings/(loss) from operations- Global Services: $971 million versus $905.4 million estimated by three analysts on average.
  • Earnings/(loss) from operations- Defense, Space & Security: $233 million versus $176.12 million estimated by three analysts on average.

View all Key Company Metrics for Boeing here>>>

Shares of Boeing have returned +11.6% over the past month versus the Zacks S&P 500 composite's +8.6% 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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