Boeing Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component The Boeing Company (NYSE:BA) will unveil its latest earnings on Wednesday, July 27, 2011. Boeing Company is an aerospace firm that designs, develops, manufactures, sells, and supports commercial jetliners, military aircraft, satellites, missile defense, and human space flight services. Honeywell International, Inc. Earnings Cheat Sheet: Profit Rises Again>>

The Boeing Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 96 cents per share, a decline of 9.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 97 cents. Between one and three months ago, the average estimate moved down, but has risen from 93 cents during the last month. For the year, analysts are projecting net income of $4.13 per share, a decline of 0.7% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 79 cents per share against a mean estimate of net income of 71 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 7 cents.

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Wall St. Revenue Expectations: On average, analysts predict $16.41 billion in revenue this quarter, a rise of 5.4% from the year ago quarter. Analysts are forecasting total revenue of $69.39 billion for the year, a rise of 7.9% from last year’s revenue of $64.31 billion.

Analyst Ratings: Analysts are bullish on this stock with 18 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

Key Stats:

Revenue has fallen in the past two quarters. In first quarter, revenue declined 2% to $14.91 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 7.7%.

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).

Stock Price Performance: During May 24, 2011 to July 26, 2011, the stock price had fallen $5.46 (-7%) from $75.57 to $70.11. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight-straight days, rising 8.3% (+$5.62) over that span. It saw one of its worst periods between December 6, 2010 and December 13, 2010 when shares fell for six-straight days, falling 4.2% (-$2.77) over that span. Shares are up $4.87 (+7.46%) year to date.

(Source: Xignite Financials)

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