Boeing’s second-quarter earnings on deck, what to expect (NYSE:BA)
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- The American aircraft manufacturer Boeing (New York stock market :BA) is expected to announce second-quarter results on Wednesday, July 26, before the market opens.
- Consensus EPS estimate is -$0.89 and the consensus revenue estimate is $18.53 billion.
- In the past 2 years, BA beaten down EPS estimates 13% of the time and exceeded revenue estimates 25% of the time.
- Over the past 3 months, EPS estimates have seen 3 upward revisions and 9 down. Revenue estimates saw 3 upward and 9 downward revisions.
- The company on April 26 reported Q1 non-GAAP EPS of -$1.27, missing estimates of 22 cents. However, revenue of $17.9 billion was up 27.9% from a year ago and beat expectations by at least $340 million.
- BA has a quantitative rating of “PLUG“, with a rating of 3.26.
- BA has an industry ranking of 24 out of 63 among aerospace and defense stocks, according to SA’s Quant rankings, one place ahead of RTX.
- Wall Street rates BA stock”BUY“and Seeking Alpha analysts rate the stock”PLUG“.
- BA share fell 8.4% in 2022, while the benchmark S&P 500 fell nearly 20% for the year.
- The stock is up 10.5% so far this year as of Monday’s close. The S&P 500 Industrials Index is up 11.7% YTD.
Recent analysis on BA:
“While investors may not be wrong to soften their optimistic view of Boeing in the short term, I think if you focus on what Boeing may or may not deliver in the second quarter or this year, you will end up missing the big picture of improving delivery numbers and fundamentals. Challenges remain across the timeline, but the trends and outlook are positive, and they outweigh the near-term pressures Boeing faces“, writes Dhierin BechaiBoss of “The Aerospace Forum“Investment Group on Seeking Alpha.
“Operationally, Boeing’s situation is absolutely improving. Although the economy as a whole may struggle later this year and next year, I think the long-term outlook for the company is positive. With no unforeseen events coming out of the carpentry, I think the toughest times for the business are now over. But that doesn’t mean the company is making an attractive investment right now. Yes, the backlog is constantly growing. I really expect this trend to continue. But the stocks look very expensive and I would say the market is priced in to these continued improvements that I believe will occur. I wouldn’t go so far as to go bearish on the company. After all, it’s a high-quality industry leader with a bright future ahead of it. But I think the stock is no better than a “hold” candidate right now.“, wrote Daniel JonesBoss of “Raw value information“Investment Group on Seeking Alpha.
“Boeing’s strong market position, strong order book and strategic partnerships make it an invaluable investment opportunity. The company’s recent contract with the US Navy and its 20-year delivery forecast underscore its promising prospects. As the global aviation market recovers, Boeing is well positioned to capitalize on this rebound“, writes SA contributor Que Capital in a Analysis of June 22.
