Boeing (NYSE:BA) Issues Q4 2024 Earnings Guidance

Boeing (NYSE:BA) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of -5.460–5.460 for the period, compared to the consensus earnings per share estimate of -1.360. The company issued revenue guidance of $15.2 billion-$15.2 billion, compared to the consensus revenue estimate of $16.3 billion.

Boeing Stock Performance

Shares of BA stock traded up $3.54 during trading on Thursday, hitting $178.34. 6,690,698 shares of the company were exchanged, compared to its average volume of 7,836,065. The firm has a market capitalization of $110.25 billion, a price-to-earnings ratio of -13.82 and a beta of 1.52. The business’s 50-day simple moving average is $164.90 and its 200 day simple moving average is $164.53. Boeing has a twelve month low of $137.03 and a twelve month high of $217.59.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the company earned ($3.26) earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts forecast that Boeing will post -16.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BA shares. JPMorgan Chase & Co. dropped their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. UBS Group dropped their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.