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 (EPS) guidance of -5.460–5.460 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Susquehanna reduced their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” 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 given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Down 1.4 %

BA stock opened at $175.95 on Friday. Boeing has a twelve month low of $137.03 and a twelve month high of $214.63. The company has a market cap of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. The business has a 50 day moving average price of $166.42 and a two-hundred day moving average price of $164.56.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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. During the same quarter in the previous year, the company earned ($3.26) EPS. Boeing’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Boeing will post -16.39 EPS for the current fiscal year.

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.