Boeing Co BA will report its fourth-quarter earnings on Tuesday. Wall Street expects an EPS loss of $2.44 on $16.17 billion in revenue when the plane manufacturer reports before the market opens.

The stock is down 14.2% over the past year, off 5.05% in the last six months, but has gained 2.44% year to date.

Boeing Faces A Tough Q4, But A Path Forward Emerges

Boeing already pre-announced a brutal quarter, with revenue of $15.2 billion — falling short of estimates — and a net loss of $5.46 per share.

The company expects to report a negative operating cash flow of $3.5 billion, bringing its total cash burn for 2024 to $13.7 billion. CEO Kelly Ortberg acknowledged the near-term challenges but emphasized a long-term recovery plan, including stabilizing production and improving operational efficiency.

Boeing Stock Strongly Bullish Ahead Of Q4 Earnings

Despite the financial struggles, Boeing stock is showing strong bullish signals.

Chart created using Benzinga Pro

The share price of $176.06 is above its eight-day ($172.27), 20-day ($173.58), 50-day ($163.59) and 200-day ($168.57) moving averages — all generating bullish signals.

The Moving Average Convergence Divergence (MACD) indicator stands at 2.29, suggesting continued bullish momentum. Additionally, the Relative Strength Index (RSI) sits at 59.08, indicating the stock is nearing overbought territory but still has room to run.

Boeing Analysts See 20% Upside

Ratings & Consensus Estimates: The consensus analyst rating on BA stock stands at a Buy, with an average price target of $197.79. Citigroup, Barclays and Deutsche Bank recently rated Boeing stock. Their average price target of $210.67 suggests a 20.53% upside.

BA Price Action: Boeing stock was trading down 0.40% at $175.35 at the time of publication Monday.

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