Boeing (BA) Expected to Announce Quarterly Earnings on Tuesday

Boeing (NYSE:BA - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, January 28th. Analysts expect Boeing to post earnings of ($1.60) per share and revenue of $16,870,336.00 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (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 period last year, the business earned ($3.26) EPS. Boeing's revenue was down 1.5% compared to the same quarter last year. On average, analysts expect Boeing to post $-16 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Boeing Price Performance

BA traded down $2.55 during trading on Friday, reaching $175.95. 9,297,992 shares of the company's stock were exchanged, compared to its average volume of 7,204,489. The company's fifty day simple moving average is $166.42 and its 200-day simple moving average is $164.42. Boeing has a 1 year low of $137.03 and a 1 year high of $214.63. The stock has a market capitalization of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BA shares. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup reduced their price target on Boeing from $209.00 to $207.00 and set a "buy" rating on the stock in a research report on Friday. Finally, TD Cowen decreased their price objective on shares of Boeing from $200.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Two investment 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. Based on data from MarketBeat.com, the stock has an average 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.