We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Boeing (BA) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
The upcoming report from Boeing (BA - Free Report) is expected to reveal quarterly loss of -$0.21 per share, indicating an increase of 97.2% compared to the year-ago period. Analysts forecast revenues of $24.28 billion, representing an increase of 4.4% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 21.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Boeing metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Revenues- Global Services' will reach $5.36 billion. The estimate points to a change of -0.2% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Defense, Space & Security' at $7.37 billion. The estimate points to a change of +6.8% from the year-ago quarter.
Analysts expect 'Revenues- Commercial Airplanes' to come in at $11.67 billion. The estimate indicates a change of +5.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Deliveries - Total' will likely reach 161 . Compared to the present estimate, the company reported 160 in the same quarter last year.
Analysts forecast 'Deliveries - Commercial Airplanes - 737' to reach 125 . The estimate compares to the year-ago value of 121 .
The collective assessment of analysts points to an estimated 'Deliveries - Commercial Airplanes - 787' of 22 . Compared to the current estimate, the company reported 24 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Deliveries - Commercial Airplanes - 777' should arrive at 5 . The estimate is in contrast to the year-ago figure of 9 .
Analysts' assessment points toward 'Deliveries - Commercial Airplanes - 767' reaching 9 . The estimate is in contrast to the year-ago figure of 6 .
It is projected by analysts that the 'Earnings/(loss) from operations- Global Services' will reach $979.95 million. Compared to the present estimate, the company reported $938.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Earnings/(loss) from operations- Defense, Space & Security' should come in at $237.10 million. Compared to the present estimate, the company reported $114.00 million in the same quarter last year.
Over the past month, Boeing shares have recorded returns of -3.8% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #4 (Sell), BA will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Boeing (BA) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from Boeing (BA - Free Report) is expected to reveal quarterly loss of -$0.21 per share, indicating an increase of 97.2% compared to the year-ago period. Analysts forecast revenues of $24.28 billion, representing an increase of 4.4% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 21.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Boeing metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Revenues- Global Services' will reach $5.36 billion. The estimate points to a change of -0.2% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Defense, Space & Security' at $7.37 billion. The estimate points to a change of +6.8% from the year-ago quarter.
Analysts expect 'Revenues- Commercial Airplanes' to come in at $11.67 billion. The estimate indicates a change of +5.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Deliveries - Total' will likely reach 161 . Compared to the present estimate, the company reported 160 in the same quarter last year.
Analysts forecast 'Deliveries - Commercial Airplanes - 737' to reach 125 . The estimate compares to the year-ago value of 121 .
The collective assessment of analysts points to an estimated 'Deliveries - Commercial Airplanes - 787' of 22 . Compared to the current estimate, the company reported 24 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Deliveries - Commercial Airplanes - 777' should arrive at 5 . The estimate is in contrast to the year-ago figure of 9 .
Analysts' assessment points toward 'Deliveries - Commercial Airplanes - 767' reaching 9 . The estimate is in contrast to the year-ago figure of 6 .
It is projected by analysts that the 'Earnings/(loss) from operations- Global Services' will reach $979.95 million. Compared to the present estimate, the company reported $938.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Earnings/(loss) from operations- Defense, Space & Security' should come in at $237.10 million. Compared to the present estimate, the company reported $114.00 million in the same quarter last year.
View all Key Company Metrics for Boeing here>>>Over the past month, Boeing shares have recorded returns of -3.8% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #4 (Sell), BA will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .