Boeing Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Boeing (NYSE:BA) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Boeing is an aerospace firm that designs, develops, manufactures, sells, and supports commercial jetliners, military aircraft, satellites, missile defense, and human space flight services.

Boeing Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.19 per share, a decline of 9.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.16. Between one and three months ago, the average estimate moved up. It has risen from $1.18 during the last month. Analysts are projecting profit to rise by 4.2% compared to last year’s $5.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 23 cents, reporting profit of $1.35 per share against a mean estimate of net income of $1.12 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 14.3% in revenue from the year-earlier quarter to $22.36 billion.

A Look Back: In the third quarter, profit fell 6% to $1.03 billion ($1.35 a share) from $1.1 billion ($1.46 a share) the year earlier, but exceeded analyst expectations. Revenue rose 12.9% to $20.01 billion from $17.73 billion.

Here’s how The Boeing Company traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Analyst Ratings: With 16 analysts rating the stock a buy, two rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 20.5% over the last four quarters.

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 19.7% in the fourth quarter of the last fiscal year, 57.5% in the first quarter and 2.8% in the second quarter before declining in the third quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.25 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company improved this liquidity measure from 1.22 in the second quarter to the last quarter driven in part by an increase in current assets. Current assets increased 4.2% to $53.78 billion while liabilities rose by 0.9% to $42.85 billion.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)