Earnings and Revenue Forecast - Boeing is predicted to post a quarterly loss of $2 22 per share, reflecting a 372 3% decline compared to the same period last year [1] - Revenues are forecasted to be $16 53 billion, representing a year-over-year decrease of 24 9% [1] - The consensus EPS estimate for the quarter has been adjusted downward by 4 1% over the past 30 days [2] Key Metrics Analysis - Total revenues for Global Services are expected to be $5 08 billion, indicating a year-over-year increase of 4 7% [5] - Total revenues for Defense, Space & Security are projected to reach $6 45 billion, showing a year-over-year decline of 4 4% [5] - Total revenues for Commercial Airplanes are estimated at $4 89 billion, reflecting a significant year-over-year decrease of 53 3% [6] Deliveries Forecast - Total deliveries are expected to reach 76, compared to 157 in the same quarter last year [6] - Deliveries for Commercial Airplanes - 787 are projected to be 15, down from 23 in the previous year [7] - Deliveries for Commercial Airplanes - 767 are forecasted at 8, compared to 15 in the same quarter last year [7] - Deliveries for Commercial Airplanes - 737 are expected to be 52, down from 110 in the previous year [8] - Deliveries for Commercial Airplanes - 777 are predicted to reach 3, compared to 9 in the same quarter last year [8] - Deliveries for Defense, Space & Security - P-8 Models are estimated at 5, up from 4 in the previous year [9] - Deliveries for Defense, Space & Security - AH-64 Apache (Remanufactured) are projected to be 21, compared to 19 in the same quarter last year [9] - Deliveries for Defense, Space & Security - AH-64 Apache (New) are expected to reach 4, up from 3 in the previous year [10] - Deliveries for Defense, Space & Security - CH-47 Chinook (New) are forecasted at 7, compared to 3 in the same quarter last year [10] Stock Performance - Boeing's shares have experienced a -2 5% change in the past month, compared to the +2 7% move of the Zacks S&P 500 composite [10] - Boeing holds a Zacks Rank 3 (Hold), indicating it is expected to mirror the overall market performance in the near future [11]

Company Overview - Boeing is one of the oldest and most established aerospace leaders globally [1] - The company shares an essential duopoly in the commercial airline segment [1] - Boeing has a strong presence in the defense sector, highlighting its strategic importance [1]

The Boeing Company (BA) is scheduled to release fourth-quarter 2024 results on Jan. 28, 2025, before market open.  Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is pegged at $17.29 billion, implying a 21.5% decline from the year-ago quarter's reported figure. The consensus mark for fourth-quarter earnings is pegged at a loss of $2.29 per share, suggesting a deterioration from a loss of 47 cents in the prior-year quarter. The bottom-line es ...

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Core Viewpoint - The market anticipates a year-over-year decline in Boeing's earnings due to lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Boeing is expected to report a quarterly loss of $2.29 per share, reflecting a significant year-over-year decline of 387.2% [3]. - Revenue projections stand at $17.29 billion, which is a decrease of 21.5% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.01% higher in the last 30 days, indicating a slight positive reassessment by analysts [4]. - The Most Accurate Estimate for Boeing is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.33%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but its predictive power is stronger for positive readings [7][8]. - A combination of a positive Earnings ESP and a strong Zacks Rank (1-3) typically results in a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Boeing was expected to post a loss of $10.34 per share but actually reported a loss of $10.44, resulting in a surprise of -0.97% [12]. - Over the past four quarters, Boeing has beaten consensus EPS estimates twice [13]. Conclusion - While Boeing does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].

Group 1 - Boeing and Airbus both faced significant challenges in the past year, with Boeing's issues being more severe than those of Airbus [1] - Boeing is currently dealing with quality issues and is under increased scrutiny from the FAA [1] - The Aerospace Forum, led by Dhierin, aims to identify investment opportunities in the aerospace, defense, and airline industries, leveraging data-informed analysis [1]

Core Insights - Boeing reported a significant decline in both commercial and defense deliveries for Q4 2024, with a year-over-year decrease of 63.7% in commercial shipments and 33.3% in defense shipments, totaling 93 units compared to 211 in the previous year [1] Group 1: Commercial Deliveries - Boeing's commercial deliveries fell to 57 airplanes in Q4 2024 from 157 in the prior year, primarily due to a drop in 737 deliveries [2] - 737 shipments decreased to 36 from 110 year-over-year, while 787 deliveries dropped to 15 from 23 [2] - The company delivered three 767 jets in Q4 2024, down from 15 in the same period last year [2] Group 2: Defense Deliveries - Defense deliveries were reported at 36 airplanes in Q4 2024, down from 54 in the prior year [4] - The company delivered 10 remanufactured AH-64 Apache helicopters compared to 19 in the same quarter of 2023 [4] - No KC-46 Tankers were delivered in Q4 2024, a decrease from nine in the previous year, and F-15 model shipments fell to two from three [4] Group 3: Competitive Landscape - In comparison, Airbus delivered 766 commercial aircraft in 2024, significantly outpacing Boeing's 348 deliveries, with Boeing's deliveries reflecting a decline of 34.1% while Airbus saw an increase of 4.2% [5] - Embraer delivered a total of 206 aircraft in 2024, including 31 commercial and 44 executive jets [6] Group 4: Market Performance - Boeing's stock has increased by 9.6% over the past three months, contrasting with a 5.5% decline in the industry [9] - Boeing currently holds a Zacks Rank of 3 (Hold) [10]

Boeing's Recent Contract and Market Position - Boeing secured a $43.6 million contract modification to provide operational and sustainment services for KC-46 aerial refueling tanker jets, with work expected to be completed by Dec 31, 2027 [1] - The KC-46 Pegasus tanker is a major player in the tanker aircraft market, with 89 units delivered to the U S Air Force and 4 to the Japan Air Self-Defense Force since 2019 [5] - Boeing's shares have gained 8 8% in the past three months, outperforming the industry's decline of 6 9% [10] Tanker Aircraft Market Growth and Drivers - The global tanker aircraft market is projected to grow at a CAGR of 6 4% from 2024 to 2029, driven by increasing defense spending and geopolitical tensions [3] - Tanker aircraft are critical for long-range combat operations, enabling fighter jets, bombers, and surveillance aircraft to operate without fuel limitations [2] - The KC-46 Pegasus offers advanced capabilities such as multi-domain connectivity, tactical situational awareness, and real-time information superiority, boosting demand [4] Opportunities for Boeing's Peers - Airbus's A330 MRTT offers enhanced range, payload, and fuel offload capabilities, with a long-term earnings growth rate of 9 4% and projected 2025 sales growth of 10 1% [6][7] - Lockheed Martin's KC-130J provides aerial refueling support with a maximum fuel capacity of 61,364 pounds, and has a long-term earnings growth rate of 4 4% [7][8] - Embraer's KC-390 Millennium supports a range of missions with reduced crew workload, and has delivered an average earnings surprise of 127 28% in the past four quarters [8][9]

Industry Overview - The land survey equipment market is projected to reach $12.56 billion by 2028, driven by urbanization and the adoption of drone technology across various industries [1] - Traditional land surveying methods are being replaced by drone-based solutions, which can complete surveys in hours instead of weeks or months [1] - The demand for precise surveying capabilities is particularly high in developing nations due to smart city initiatives, with governments in India, Peru, and China leading the way [1] Drone Technology Adoption - Factors accelerating the adoption of drone technology in land surveying include digitalization, cost reduction, and improved accuracy [2] - Modern drones can integrate various data types through specialized software, providing comprehensive survey results that were previously unattainable with traditional methods [2] - The need for precise measurements is increasing in sectors such as construction, renewable energy, mining, oil and gas exploration, forestry management, precision farming, and transportation planning [2] Company Developments - ZenaTech Inc. has completed the acquisition of Weddle Surveying Inc., establishing a base for its Drone as a Service (DaaS) operations in the Northwest US [3][4] - The acquisition will enhance ZenaTech's capabilities in land surveying and expand its focus on drone solutions for wildfire management [3][4] - ZenaTech's DaaS model allows businesses to utilize drone technology without the need for hardware purchases or pilot certifications [5] Technological Advancements - Drones equipped with sensors and cameras can capture high-resolution data across large areas in hours, significantly faster than traditional methods [6] - ZenaDrone's technology is being utilized for fire management applications, scanning extensive areas for effective wildfire response [7] - The integration of AI drones with quantum computing is expected to enhance predictive capabilities and resource optimization in various applications, including wildfire management [9] Market Activity - EHang Holdings Limited reported preliminary revenues for Q4 2024 of RMB162 million, a 20% increase from previous guidance and a 187% year-over-year increase [14] - Total revenues for the fiscal year 2024 are expected to reach RMB454 million, reflecting a 6% increase from guidance and a 287% year-over-year increase [15] - The Boeing Company is set to release its financial results for Q4 2024 on January 28, 2025, which will provide insights into its performance in the drone technology sector [10]

Group 1: Boeing's Recent Developments - Boeing has secured an $18.5 million contract for the repair of R2 trailing edge flaps used on the F/A-18 E/F aircraft, expected to be completed by January 2027 [1] - The work related to this contract will be conducted in Jacksonville, FL [1] Group 2: Market Trends and Opportunities - The global demand for military aircraft is increasing due to nations enhancing their aerial supremacy amid geopolitical volatility, with the fighter aircraft market projected to grow at a CAGR of 3.7% from 2024 to 2029 [2] - Boeing plays a crucial role in the fighter aircraft market, offering a range of military aircraft and weapons systems, including combat-proven jets like the F-15 and P-8 [3] Group 3: Product Highlights - The F/A-18 Super Hornet is noted for its versatility in executing various tactical missions, with the latest Block III model providing advanced networked capabilities and survivability [4] - Boeing's robust product lineup and advanced technologies position the company to capitalize on the expanding fighter aircraft market [5] Group 4: Competitors and Market Position - Other key players in the fighter aircraft market include Lockheed Martin, Northrop Grumman, and Embraer, each with significant growth projections and advanced military aircraft offerings [6][7][8][9] Group 5: Stock Performance - Boeing's stock has gained 7% over the past three months, contrasting with a 7% decline in the industry [11]