Zacks Research Estimates Boeing’s FY2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BA) – Research analysts at Zacks Research issued their FY2024 EPS estimates for shares of Boeing in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department anticipates that the aircraft producer will post earnings of ($16.99) per share for the year. The consensus estimate for Boeing’s current full-year earnings is ($16.20) per share. Zacks Research also issued estimates for Boeing’s Q4 2024 earnings at ($2.52) EPS, Q1 2025 earnings at ($0.67) EPS, Q2 2025 earnings at ($0.50) EPS, Q3 2025 earnings at ($0.56) EPS, Q4 2025 earnings at ($0.94) EPS, FY2025 earnings at ($2.67) EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at ($0.25) EPS, Q3 2026 earnings at ($0.26) EPS and FY2026 earnings at ($0.04) EPS.

A number of other research analysts also recently commented on the company. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Cowen cut their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Price Performance

Shares of NYSE BA opened at $143.89 on Monday. The stock has a market capitalization of $88.95 billion, a PE ratio of -11.15 and a beta of 1.57. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The business has a fifty day moving average price of $152.82 and a two-hundred day moving average price of $169.19.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business posted ($3.26) EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year.

Hedge Funds Weigh In On Boeing

Several large investors have recently modified their holdings of the business. Hobbs Group Advisors LLC bought a new stake in Boeing during the second quarter valued at $34,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the second quarter valued at about $33,000. Cedar Wealth Management LLC bought a new stake in Boeing during the 3rd quarter worth approximately $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

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.