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In its upcoming report, Boeing (BA) is predicted by Wall Street analysts to post quarterly loss of $2.22 per share, reflecting a decline of 372.3% compared to the same period last year. Revenues are forecasted to be $16.53 billion, representing a year-over-year decrease of 24.9%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Boeing metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Total revenues- Global Services' should come in at $5.08 billion. The estimate suggests a change of +4.7% year over year.
It is projected by analysts that the 'Total Revenues- Defense, Space & Security' will reach $6.45 billion. The estimate indicates a change of -4.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Revenues- Commercial Airplanes' should arrive at $4.89 billion. The estimate indicates a year-over-year change of -53.3%.
Analysts forecast 'Deliveries - Total' to reach 76. Compared to the present estimate, the company reported 157 in the same quarter last year.
The combined assessment of analysts suggests that 'Deliveries - Commercial Airplanes - 787' will likely reach 15. Compared to the current estimate, the company reported 23 in the same quarter of the previous year.
Analysts predict that the 'Deliveries - Commercial Airplanes - 767' will reach 8. The estimate compares to the year-ago value of 15.
The consensus estimate for 'Deliveries - Commercial Airplanes - 737' stands at 52. Compared to the present estimate, the company reported 110 in the same quarter last year.
The consensus among analysts is that 'Deliveries - Commercial Airplanes - 777' will reach 3. Compared to the current estimate, the company reported 9 in the same quarter of the previous year.