- Boeing’s commercial airplanes revenue for the first quarter was $8.15 billion, close to the estimate of $8.17 billion.
- The company reported a negative adjusted free cash flow of $2.29 billion, which was better than the expected negative $3.42 billion.
- Defense, Space & Security revenue came in at $6.30 billion.
- Global Services generated a revenue of $5.06 billion.
- Boeing experienced a negative operating cash flow of $1.62 billion, surpassing the estimated negative $2.88 billion.
- The backlog reached an impressive $544.74 billion.
- The commercial airplanes segment faced an operating loss of $537 million, which was less than the anticipated loss of $565.3 million.
- Operating earnings for Defense, Space & Security reached $155 million.
- Global Services achieved operating earnings of $943 million.
- Total revenue for the quarter was $19.50 billion, slightly exceeding the estimate of $19.37 billion.
- The core loss per share was recorded at 49 cents.
- Boeing’s 737 production is gradually increasing and is expected to reach a rate of 38 units per month this year.
- Market analysts’ recommendations include 20 buys, 12 holds, and 2 sells.
Boeing Co on Smartkarma
Analyst coverage of Boeing Co on Smartkarma has been buzzing with optimism as the aerospace giant shows signs of a remarkable turnaround. According to research reports by Baptista Research, recent major developments, including winning a significant defense contract over Lockheed Martin for the F-47 fighter jet deal, have added billions in market value and boosted Boeing’s shares.
Focusing on key areas such as stabilizing production and managing development programs, Boeing is navigating a pivotal turnaround. The company’s Quarterly Earnings Call, as analyzed by Baptista Research, revealed a mixed performance with progress and ongoing challenges. Despite facing financial strain and operational lapses, Boeing’s resilience and progress in various operational fronts signal a bold comeback for the aviation behemoth.
A look at Boeing Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Boeing Co has a mixed outlook for the long term. With a high Resilience score of 4, the company demonstrates strong stability and adaptability in challenging market conditions. This indicates that Boeing Co is well-positioned to withstand economic downturns and navigate uncertain times effectively. Additionally, the Momentum score of 4 suggests that the company has positive momentum in terms of investor interest and market performance, which could lead to further growth opportunities.
However, Boeing Co lags in certain areas with a Value score of 0, indicating that the stock may not be undervalued and could be trading at a premium. The Growth score of 2 suggests moderate growth prospects for the company in the future. With a Dividend score of 1, Boeing Co may not be an attractive option for income-seeking investors looking for dividend payouts. Overall, while Boeing Co shows resilience and momentum, investors may want to consider the company’s valuation and growth potential when making investment decisions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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