FY2024 Earnings Forecast for Boeing Issued By Zacks Research

The Boeing Company (NYSE:BA) – Stock analysts at Zacks Research issued their FY2024 earnings per share (EPS) estimates for Boeing in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department expects that the aircraft producer will earn ($16.99) per share 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 released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business posted ($3.26) EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis.

A number of other research firms also recently commented on BA. JPMorgan Chase & Co. decreased their price objective 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. Susquehanna decreased their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Hold” and an average target price of $190.37.

Boeing Stock Performance

Shares of Boeing stock opened at $140.19 on Monday. The firm has a market cap of $86.67 billion, a PE ratio of -10.87 and a beta of 1.57. The firm’s 50-day simple moving average is $153.20 and its 200-day simple moving average is $169.44. Boeing has a 1 year low of $137.03 and a 1 year high of $267.54.

Institutional Trading of Boeing

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after purchasing an additional 320,415 shares during the period. Prestige Wealth Management Group LLC boosted its position in shares of Boeing by 16.5% in the third quarter. Prestige Wealth Management Group LLC now owns 1,025 shares of the aircraft producer’s stock worth $156,000 after buying an additional 145 shares during the period. Resources Management Corp CT ADV grew its holdings in shares of Boeing by 322.4% during the third quarter. Resources Management Corp CT ADV now owns 1,225 shares of the aircraft producer’s stock valued at $186,000 after buying an additional 935 shares in the last quarter. Executive Wealth Management LLC acquired a new position in Boeing during the third quarter valued at $264,000. Finally, Nabity Jensen Investment Management Inc purchased a new stake in Boeing in the 3rd quarter worth about $392,000. 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.