Boeing (NYSE:BA) Releases Q4 2024 Earnings Guidance

Boeing (NYSE:BA) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of -5.460–5.460 for the period, compared to the consensus EPS 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 Up 2.0 %

Shares of Boeing stock opened at $178.34 on Friday. The stock has a market capitalization of $110.25 billion, a price-to-earnings ratio of -13.82 and a beta of 1.52. Boeing has a twelve month low of $137.03 and a twelve month high of $217.59. The company has a 50-day simple moving average of $164.90 and a two-hundred day simple moving average of $164.53.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm earned ($3.26) EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Boeing will post -16.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BA. Wells Fargo & Company reduced their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

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.