Core Viewpoint - Boeing is expected to report a loss of $2.46 per share for Q3 2025, with revenues projected at $21.92 billion, reflecting a year-over-year growth of 22.9% [1][7]. Financial Estimates - The Zacks Consensus Estimate for Q3 2025 shows a loss of $2.46 per share, with revenues expected to be $21.92 billion, indicating a 22.9% increase from the previous year [1][7]. - The number of estimates for the current quarter is 8, with a high estimate of -$0.11 and a low estimate of -$5.91 [2]. - Year-over-year growth estimates for earnings show a significant improvement, with a 76.44% increase expected for Q3 2025 compared to the previous year [2]. Earnings Surprise History - Boeing has a mixed earnings surprise history, beating estimates in two of the last four quarters and missing in two, with an average surprise of 0.87% [3][4]. Earnings Prediction Model - The current Earnings ESP for Boeing is -49.51%, indicating that the model does not predict an earnings beat for the upcoming report [5]. Company Performance Insights - Boeing's commercial aircraft deliveries increased by 37.9% year-over-year, contributing positively to revenue growth, while defense shipments declined by 5.9% [11]. - Increased fleet utilization due to rising international commercial air travel is expected to support sales for commercial jet services [10]. - Supply-chain pressures and lower defense shipments may offset some of the gains in Q3 [7][12]. Stock Performance - Over the past six months, Boeing's stock has returned 22.4%, compared to the industry's growth of 25.8% [13]. - Boeing is currently trading at a premium compared to its industry on a forward 12-month P/S basis [15]. Investment Considerations - The demand for new jets and aftermarket services is driven by rising commercial air travel and the need to replace aging fleets [19]. - Persistent supply-chain issues, particularly shortages of aircraft parts, pose significant challenges for Boeing and the broader aviation industry [20][21]. - The company's trailing 12-month return on invested capital (ROIC) is negative, indicating insufficient returns on investments [18].

Core Insights - The commercial aerospace sector is experiencing a broad rebound, with Boeing, Embraer, and Airbus showing increased deliveries and production stability in Q3, indicating renewed momentum as global demand recovers [1]. Boeing - Boeing led the gains with 121 737 deliveries in Q3, an increase from 104 in the previous quarter and 92 a year earlier. September marked the strongest month for 737 MAX handovers since 2018, with at least 41 aircraft delivered [2]. - Boeing's ability to issue its own delivery certificates has streamlined production, aligning output with customer demand. Production on the 737 line was slightly below the targeted 38 aircraft per month due to temporary engine inspections, with 32 rollouts in September. The disruption is viewed as short-term [3]. - Boeing maintained 787 deliveries at 24 aircraft, matching the prior quarter and improving from 14 a year earlier. Total third-quarter deliveries reached approximately 158 aircraft, above 150 in the prior quarter [4]. Embraer - Embraer delivered 62 aircraft in Q3, up from 59 last year, including 41 executive jets, 20 commercial jets, and one C-390. The company is on track to meet its full-year goals, supported by consistent execution [4]. Airbus - Airbus delivered 68 aircraft in September and 196 during Q3, representing a 12% sequential increase, bringing year-to-date deliveries to 502. Airbus needs to raise output to about 105 aircraft per month in Q4 to meet its annual target [5]. Stock Performance - As of the latest check, Boeing (BA) shares were trading 2.34% higher at $221.43, Embraer (ERJ) was up 3.32% at $59.20, while Airbus (EADSF) was down 0.71% at $238.08 [5].

Core Insights - Boeing has opened a new 65,000-square-foot Engineering Center at Embry-Riddle Aeronautical University to enhance defense programs and create 400 high-paying jobs [1][9] - The company is focusing on long-term growth and stable defense revenues, which may attract investors [2] - Boeing's stock has increased by 24.3% year-to-date, underperforming the aerospace-defense industry and broader sector but outperforming the S&P 500 [3] Company Performance - Boeing's commercial airplanes segment saw a 63% year-over-year growth in delivery count for Q2 2025, leading to an 81% increase in revenues for this unit [5][9] - The company anticipates a demand for 43,600 new commercial planes through 2044, driven by a projected annual passenger traffic growth of 4.2% [6] - The defense segment contributes 36% to Boeing's total revenues as of the end of 2024 [7] Future Outlook - The U.S. fiscal 2026 defense budget proposal includes $3.1 billion for F-15EX Eagle II production and $3.5 billion for the F-47 Next Generation Air Dominance fighter jet, which is expected to benefit Boeing's defense unit [10] - The long-term earnings growth rate estimate for Boeing is 17.9%, higher than the industry's 14.5% [11] Sales and Earnings Estimates - The Zacks consensus estimate for Boeing's Q3 2025 sales suggests a 19.7% improvement year-over-year, with full-year 2025 sales expected to rise by 28.8% [13] - Earnings estimates for the current quarter and next year indicate significant year-over-year growth, with a projected 203.93% increase for the next year [15] Challenges - Supply chain challenges and part shortages are causing delays in jet production, contributing to a backlog of 17,000 aircraft as of June 2025 [17] - Trade tensions with China pose risks, as approximately 20 737-8 aircraft are awaiting delivery to Chinese customers, which could impact revenues [17] Investment Considerations - Boeing's trailing 12-month return on invested capital (ROIC) is negative and lags behind industry peers, indicating insufficient returns on investments [18][20] - Despite recent operational successes, Boeing's negative ROIC and downward earnings revisions suggest a cautious investment approach [22]

Core Viewpoint - Boeing is expected to report second-quarter 2025 results on July 29, 2025, with projected revenues of $21.93 billion, reflecting a 30% increase year-over-year, while earnings are estimated to show an improvement in losses from $2.90 to $1.47 per share [1][4] Revenue and Earnings Estimates - The Zacks Consensus Estimate for Boeing's revenues is $21.93 billion, indicating a 30% improvement from the previous year [1][4] - The consensus estimate for the commercial airplanes segment is $9,948.3 million, a 65.7% increase year-over-year, while the defense unit's revenues are projected at $6,398.5 million, a 6.3% rise [9] - Boeing's Global Services unit is expected to report revenues of $5,161.3 million, up 5.6% year-over-year, with earnings estimated at $942 million, reflecting an 8.3% growth [7] Delivery Performance - Boeing's commercial shipments are projected to increase by 63% year-over-year, while defense shipments are expected to rise by 60% [8] - The strong delivery performance is anticipated to positively impact both top and bottom-line results for the second quarter [10] Market Position and Valuation - Boeing's shares have increased by 29.6% over the past three months, outperforming the Zacks aerospace-defense industry's growth of 21.4% [12] - The company is currently trading at a forward price/sales ratio of 1.88, lower than the industry average of 2.28, but higher than its five-year median of 1.42 [15] Industry Dynamics - The demand for air travel and the replacement of aging fleets are driving growth for Boeing, supported by increased commercial jet services sales and government jet service volume [6][16] - However, persistent supply chain issues and high debt levels pose challenges for Boeing and the aerospace sector [17][18]