Research Analysts Issue Forecasts for Boeing FY2024 Earnings

The Boeing Company (NYSE:BA) – Stock analysts at Zacks Research issued their FY2024 earnings per share estimates for Boeing in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department expects that the aircraft producer will post earnings per share of ($16.99) for the year. The consensus estimate for Boeing’s current full-year earnings is ($16.20) per share. Zacks Research also issued estimates for Boeing’s Q4 2024 earnings at ($2.52) EPS, Q1 2025 earnings at ($0.67) EPS, Q2 2025 earnings at ($0.50) EPS, Q3 2025 earnings at ($0.56) EPS, Q4 2025 earnings at ($0.94) EPS, FY2025 earnings at ($2.67) EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at ($0.25) EPS, Q3 2026 earnings at ($0.26) EPS and FY2026 earnings at ($0.04) EPS.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted ($3.26) earnings per share.

Other research analysts have also issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $190.37.

Boeing Trading Up 2.6 %

BA opened at $143.89 on Monday. The company has a fifty day simple moving average of $152.82 and a 200 day simple moving average of $169.19. The firm has a market cap of $88.95 billion, a price-to-earnings ratio of -11.15 and a beta of 1.57. Boeing has a twelve month low of $137.03 and a twelve month high of $267.54.

Institutional Trading of Boeing

Large investors have recently modified their holdings of the company. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its holdings in Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares during the last quarter. IMS Capital Management increased its holdings in shares of Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after purchasing an additional 62 shares during the last quarter. ADE LLC raised its position in shares of Boeing by 4.4% in the second quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock valued at $280,000 after purchasing an additional 65 shares during the period. Finally, Peoples Financial Services CORP. lifted its stake in shares of Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 67 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

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.