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.

Analyst Trends:

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.

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Earnings Trends:

Here’s how Boeing has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)