On Wednesday, January 29, Boeing BA will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Wall Street analysts see Boeing reporting earnings of $1.39 per share on revenue of $21.06 billion.
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In the same quarter last year, Boeing posted EPS of $5.48 on sales of $28.34 billion. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be down 74.64%. Revenue would be down 25.69% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
EPS Estimate | 2.080 | 1.870 | 3.330 | 4.58 |
EPS Actual | 1.450 | 2.920 | 3.160 | 5.48 |
Stock Performance
Over the last 52-week period, shares are down 13.07%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates lower for EPS and revenues. Analysts have been rating Boeing stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Boeing is scheduled to hold the call at 10:30 a.m. ET and can be accessed here.
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