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Key Takeaways
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Struggling plane maker Boeing is slated to post fourth-quarter results before the opening bell Tuesday.
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Boeing issued preliminary results Thursday, saying it anticipates reporting a Q4 loss of $5.46 per share—far widen than consensus estimates.
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Boeing said it felt the impact of a nearly two-month strike that ended in November.
Boeing (BA) is set to post its fourth-quarter report before the opening bell Tuesday, days after the struggling plane maker issued preliminary results including a far wider loss than analysts had been expecting.
On Thursday, Boeing said it anticipates reporting a Q4 net loss of $5.46 per share on revenue of $15.2 billion. Consensus estimates compiled by Visible Alpha call for a loss of $2.80 per share on revenue of $16.3 billion.
The quarterly results will be Boeing's first since the November end of a nearly two-month strike by its union machinists that halted production at several facilities. During the strike, the company announced cost-cutting measures, including substantial layoffs.
Boeing's troubles accelerated after a midair incident aboard an Alaska Airlines (ALK) flight in early January last year, when a door plug blew off on a 737 MAX plane. Shares had been trading around $250 before tumbling to as low as about $137 in November.
Still, analysts are generally bullish on Boeing's stock, with seven "buy" and two "hold" ratings among those tracked by Visible Alpha. Analysts have an average price target of $192.50, a 9% premium to Boeing's Friday closing price of about $176.
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