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.

Boeing Stock Performance

Shares of Boeing stock traded up $3.54 on Thursday, reaching $178.34. 6,768,525 shares of the stock were exchanged, compared to its average volume of 7,836,065. The firm’s 50 day moving average is $164.90 and its 200-day moving average is $164.53. The firm has a market cap of $110.25 billion, a PE ratio of -13.82 and a beta of 1.52. Boeing has a one year low of $137.03 and a one year high of $217.59.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.26) EPS. On average, equities research analysts expect that Boeing will post -16.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna decreased their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Finally, Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

About Boeing

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.