Earnings Alerts

Boeing Co (BA) Earnings Miss Estimates with $2.90 Core Loss Per Share in 2Q

  • Revenue Miss: Boeing’s second-quarter revenue was $16.87 billion, below the $17.46 billion estimate.
  • Commercial Airplanes Revenue: Generated $6.00 billion, slightly missing the $6.03 billion forecast.
  • Defense, Space & Security Revenue: Brought in $6.02 billion, short of the $6.24 billion projection.
  • Global Services Revenue: Reported at $4.89 billion, lower than the $5.02 billion estimate.
  • Negative Adjusted Free Cash Flow: Was negative $4.33 billion, close to the negative $4.34 billion expectation.
  • Negative Operating Cash Flow: Stood at negative $3.92 billion, versus the negative $3.73 billion estimate.
  • Core Loss Per Share: Reported at $2.90.
  • Backlog: Totaled $515.87 billion.
  • Commercial Airplanes Operating Loss: Recorded a loss of $715 million, better than the expected loss of $824.8 million.
  • Defense, Space & Security Operating Loss: Registered a loss of $913 million, worse than the anticipated loss of $498.3 million.
  • Global Services Operating Earnings: Achieved $870 million, surpassing the $855 million estimate.
  • CEO’s Comment: Dave Calhoun emphasized substantial progress in strengthening the quality management system despite a challenging quarter.
  • Analyst Actions: Received 20 buy ratings, 11 hold ratings, and 2 sell ratings.

Boeing Co on Smartkarma



Analyst coverage of Boeing Co on Smartkarma reveals contrasting viewpoints from top independent analysts on the company’s future prospects. Baptista Research, in their report “The Boeing Company: Will The Strategic Acquisition of Spirit Pay Off? – Major Drivers,” highlights Boeing’s focus on improving production protocols and safety measures following the Alaska Airlines accident. CEO Dave Calhoun’s commitment to quality is emphasized, indicating a positive sentiment towards Boeing’s corrective actions.

On the other hand, Odd Lots presents a skeptical view in their report titled “A Longtime Aerospace Analyst Questions Boeing’s Future.” They raise concerns about Boeing’s strategic decisions, including the dissolution of the strategy department under CEO David Calhoun. Despite a strong global aviation market, Boeing’s stock has declined, reflecting worries about prioritizing financial performance over safety and engineering concerns. These divergent perspectives offer investors valuable insights into Boeing’s challenges and opportunities.



A look at Boeing Co Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth5
Resilience5
Momentum3
OVERALL SMART SCORE2.8

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

Considering the Smartkarma Smart Scores for Boeing Co, the company holds a positive long-term outlook. With high scores in Growth and Resilience, Boeing Co is positioned well for future expansion and is deemed to be able to withstand economic challenges effectively. These scores indicate the company’s potential for continued development and its ability to navigate through uncertainties with strength.

Boeing Co‘s emphasis on growth and ability to adapt to market changes, along with its strong resilience to potential setbacks, signal a promising future ahead. While there may be some fluctuations in Momentum, the overall outlook for Boeing Co appears favorable thanks to its solid scores in key areas. As a major player in the commercial jet aircraft industry, as well as in defense systems, Boeing Co is poised to maintain its position as a leader in these sectors for the long term.


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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