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Boeing (BA) reported a fourth quarter earnings miss alongside quarterly losses of $3.8 billion and annual losses of $11.83 billion for 2024. Bank of America Securities senior aerospace and defense analyst Ron Epstein joins Asking for a Trend with Josh Lipton to discuss his outlook for the company following the earnings report.
"I think the conference call today was important," Epstein says, adding, "Management came out confident" with CEO Kelly Ortberg giving "a broader assessment of the company."
"Is there reasons to be optimistic? Yeah, but a lot of it's second half loaded," the analyst says, explaining, "In 2025, they should deliver more airplanes than in 2024. All else being equal, they shouldn't have a strike this year. 2026 should be better than 2025 ... There's reasons to be cautiously optimistic. But as investors, we won't really see much tangible stuff until probably the second half of the year."
Epstein adds that the stock could see some upside in the short term given its recent decline, the low expectations for the first half of 2025, and the upcoming mid-summer air show.
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This post was written by Naomi Buchanan.