Boeing Earnings Preview: Can This Streak Continue?
Boeing (NYSE:BA) will report earnings before markets open on Wednesday, April 24th. The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.
Here is your Cheat Sheet to Boeing Earnings:
Earnings Expectations: Analysts expect earnings of $1.47 per share on revenues of $18.91 billion. Currently, the company’s P/E ratio stands at 16.87.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.28 to a profit $1.55. For the current year, the average estimate is a profit of $6.37, which is better than the estimate ninety days ago.
Here’s how Boeing has been performing on an annual basis:
|Revenue ($) in millions||60,910||68,280||64,310||68,740||81,700|
|Diluted EPS ($)||3.67||1.84||4.45||5.34||5.11|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||19,560||19,380||20,000||20,010||22,300|
|Diluted EPS ($)||1.85||1.22||1.27||1.35||1.27|
Boeing has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)