Boeing Earnings Estimates to Review for Today’s Release

Boeing (NYSE:BA) is expected to report Q4 earnings on Wednesday, January 25 before the market open with a conference call scheduled for 10:30 am ET. Analysts are looking for EPS of $1.01 on revenue of $19.38B.

The consensus range is 82c-$1.15 for EPS, and $18.32B-$20.97B for revenue, according to First Call. The company reported mixed results in Q3, beating EPS but narrowly missing revenue estimates. On its Q3 conference call, Boeing said passenger traffic “remained resilient” and expected order traffic for its current programs to remain strong through year-end.

Despite the positive sentiment, management said financial constraints imposed by deficit reductions would likely have an impact going forward. The extent of the constraints would be influenced by Congress’ ability to achieve its deficit-reduction targets.

Since Q3 results were released, Boeing’s shares have risen approximately 15%, and are near their 52-week high of $80.65 made in April of last year. Questions surrounding defense budget cuts in FY12 and beyond could have an impact on the shares over time. However, in the short term, they have rallied about 20% since late November.

Competitors to Watch: Lockheed Martin Corp. (NYSE:LMT), Embraer SA (NYSE:ERJ), Raytheon Company (NYSE:RTN), Northrop Grumman Corp. (NYSE:NOC), Honeywell Intl. Inc. (NYSE:HON), Spirit AeroSystems Hldgs., Inc. (NYSE:SPR), General Dynamics Corp. (NYSE:GD), Orbital Sciences Corp. (NYSE:ORB), Alliant Techsystems Inc. (NYSE:ATK), and Rockwell Collins, Inc. (NYSE:COL).

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com