The Boeing Company Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component The Boeing Company (NYSE:BA) will unveil its latest earnings on Wednesday, October 26, 2011. 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 estimate of analysts is for profit of $1.10 per share, a decline of 1.8% 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 $1.14. Between one and three months ago, the average estimate moved down. It has risen from $1.07 during the last month. For the year, analysts are projecting net income of $4.26 per share, a rise of 2.4% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 28 cents, reporting profit of $1.25 per share against a mean estimate of net income of 97 cents. In the first quarter, the company exceeded forecasts by 8 cents with profit of 79 cents versus a mean estimate of net income of 71 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.6% in revenue from the year-earlier quarter to $17.92 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the second quarter, profit rose 19.6% to $941 million ($1.25 a share) from $787 million ($1.06 a share) the year earlier, exceeding analyst expectations. Revenue rose 6.2% to $16.54 billion from $15.57 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 2% in the first quarter and 7.7% in the fourth quarter of the last fiscal year.

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 July 27, 2011 to October 20, 2011, the stock price had fallen $7.66 (-10.9%) from $70.15 to $62.49. 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% (+$5.58) 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, falling 16.9% (-$11.87) over that span. Shares are down $1.62 (-2.5%) year to date.

(Source: Xignite Financials)

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