The Boeing Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Boeing Company (NYSE:BA) will unveil its latest earnings on Wednesday, April 25, 2012. Boeing is an aerospace firm that designs, develops, manufactures, sells, and supports commercial jetliners, military aircraft, satellites, missile defense, and human space flight services.

The Boeing Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 94 cents per share, a rise of 19% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.08. Between one and three months ago, the average estimate moved down. It has risen from 93 cents during the last month. For the year, analysts are projecting profit of $4.48 per share, a decline of 6.7% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 29 cents, reporting net income of $1.31 per share against a mean estimate of profit of $1.02 per share.

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Wall St. Revenue Expectations: On average, analysts predict $18.34 billion in revenue this quarter, a rise of 23% from the year-ago quarter. Analysts are forecasting total revenue of $79.04 billion for the year, a rise of 15% from last year’s revenue of $68.74 billion.

Analyst Ratings: Analysts are bullish on this stock, with 16 analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 19.7% to $1.39 billion ($1.85 a share) from $1.16 billion ($1.56 a share) the year earlier, exceeding analyst expectations. Revenue rose 18.2% to $19.55 billion from $16.55 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 19.6% in the second quarter of the last fiscal year and 31.2% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 6.2% in the second quarter of the last fiscal year and 4.5% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 22, 2012 and April 19, 2012, the stock price had fallen $2.96 (-3.9%), from $76.06 to $73.10. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 2, 2011, when shares rose for seven straight days, increasing 14.3% (+$8.88) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight days, dropping 16.9% (-$11.72) over that span.

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

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