The Boeing Company (NYSE:BA) manufacturer of aerospace/defense products, is reporting second quarter earnings results on Wednesday 29th July 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 2.54 per share.
For the full year, analysts predict revenues of $ 65752.90 million, while looking forward to loss of $ 5.38 per share.
Previous Quarter Performance
The Boeing Company unveiled loss for the first quarter of $ 1.70 per share, from the revenue of $ 16,908.00 million. The quarterly revenues decreased 26.22 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.61 per share from $ 17305.60 million in revenue. The bottom line results missed street analysts by $ 0.09 or 5.59 percent, at the same time, top line results fell short of analysts by $ 397.6 million or 2.3 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BA was $ 170.84, representing a 91.96 % increase from the 52 week low of $ 89.00 and a 56.31 % decrease over the 52 week high of $ 391.00.
The company has a market capital of $ 96.41 billion and is part of the Industrials sector and Aerospace & Defense industry.
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Recent Analyst recommendations
- On 26th June 2020, downgraded by Bernstein to Market Perform from Outperform rating.
- On 25th June 2020, downgraded by Berenberg Bank to Sell from Hold rating.
- On 10th June 2020, maintained by Jefferies Financial Group at Buy rating, with $ 270.00 target price.
- On 8th June 2020, initiated by Seaport Global Securities at Buy rating.
Conference Call
The Boeing Company will be hosting a conference call at 10:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.boeing.com
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services, principally.
