Boeing (NYSE:BA) Updates Q4 2024 Earnings Guidance

Boeing (NYSE:BA) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -5.460–5.460 for the period, compared to the consensus EPS 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

NYSE:BA opened at $175.95 on Friday. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. Boeing has a 52 week low of $137.03 and a 52 week high of $214.63. The firm’s 50-day simple moving average is $166.42 and its 200 day simple moving average is $164.56.

Boeing (NYSE:BA) last announced 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 firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.26) earnings per share. Sell-side analysts anticipate that Boeing will post -16.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BA shares. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Citigroup cut their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.11.

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.