Zacks Research Predicts Boeing's FY2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BA - Free Report) - Investment analysts at Zacks Research issued their FY2024 EPS estimates for shares of Boeing in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst R. Department anticipates that the aircraft producer will post earnings per share of ($16.99) 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.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly 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 business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) earnings per share. The firm's revenue was down 1.5% on a year-over-year basis.

A number of other brokerages have also recently issued reports on BA. Stifel Nicolaus lifted their price target 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. DZ Bank cut shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. UBS Group lowered their price target on shares of Boeing from $215.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Boeing from $225.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Boeing from $235.00 to $195.00 and set an "overweight" rating for the company in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing has a consensus rating of "Hold" and an average price target of $190.37.

Boeing Stock Up 2.6 %

Shares of NYSE:BA traded up $3.70 on Monday, hitting $143.89. The company had a trading volume of 12,254,024 shares, compared to its average volume of 9,188,584. The firm's 50-day simple moving average is $152.82 and its two-hundred day simple moving average is $169.19. Boeing has a 1 year low of $137.03 and a 1 year high of $267.54. The firm has a market capitalization of $88.95 billion, a price-to-earnings ratio of -11.15 and a beta of 1.57.

Institutional Trading of Boeing

A number of hedge funds and other institutional investors have recently modified their holdings of BA. Rehmann Capital Advisory Group boosted its position in shares of Boeing by 1.7% during the third quarter. Rehmann Capital Advisory Group now owns 9,533 shares of the aircraft producer's stock worth $1,449,000 after acquiring an additional 158 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Boeing by 15.6% during the third quarter. TD Private Client Wealth LLC now owns 1,734 shares of the aircraft producer's stock worth $264,000 after acquiring an additional 234 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Boeing during the third quarter worth $1,102,000. Asset Allocation Strategies LLC boosted its position in shares of Boeing by 43.6% during the third quarter. Asset Allocation Strategies LLC now owns 1,705 shares of the aircraft producer's stock worth $259,000 after acquiring an additional 518 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Boeing by 7.1% during the third quarter. Sunbelt Securities Inc. now owns 6,579 shares of the aircraft producer's stock worth $1,000,000 after acquiring an additional 436 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

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.