BOEING SEEN POSTING 26% YEAR-ON-YEAR REVENUE DROP – Boeing has fallen short of analyst bottom-line estimates four times over the last eight quarters
Shares of Boeing dipped amid a steep, tech-concentrated selloff ahead of its quarterly results expected before the opening bell.
The company is expected to post an adjusted loss per share of $2.65, compared with the year ago quarter’s $0.47 loss per share on rev of $16.21 bln, a 26.4% y/y decrease, according to LSEG.
Boeing has fallen short of analyst bottom-line estimates four times over the last eight quarters, per LSEG.
On January 23, the planemaker warned of a Q4 loss of about $4 bln, capping a year of regulatory scrutiny, supply chain delays, and a crippling strike, which ended on Nov 5 after seven weeks, and brought plane production to a standstill
On Jan 14, co revealed aircraft deliveries bounced back in December, but its total deliveries for the year dropped 34.1% to the lowest level since the COVID pandemic.
Of 28 analysts covering BA, 16 rate stock “buy” or stronger, 10 recommend “hold,” 2 have “sell” ratings, according to LSEG.
The median 12-month price target is $200.00, up from $195.00 three months ago
Boeing’s stock is down about 1% YTD compared with the Dow’s near ~4.7% advance so far this year.
