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 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 10.44, 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].
Earnings Preview: Boeing (BA) Q4 Earnings Expected to Decline