FY2024 Earnings Estimate for Boeing Issued By Zacks Research

The Boeing Company (NYSE:BA) – Zacks Research issued their FY2024 EPS estimates for Boeing in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department forecasts 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) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.26) earnings per share.

Several other research firms also recently commented on BA. Stifel Nicolaus upped their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. UBS Group decreased their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Robert W. Baird decreased their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Price Performance

Boeing stock opened at $140.19 on Monday. The business has a fifty day moving average price of $153.20 and a 200-day moving average price of $169.44. Boeing has a 1-year low of $137.03 and a 1-year high of $267.54. The stock has a market capitalization of $86.67 billion, a price-to-earnings ratio of -10.87 and a beta of 1.57.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hobbs Group Advisors LLC purchased a new position in Boeing during the second quarter worth $34,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the 2nd quarter valued at about $33,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter valued at about $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.