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Boeing Co (BA) Earnings: Mixed 3Q Results as Revenue Misses Estimates, Highlighting Operating Challenges

By October 23, 2024 No Comments
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  • Boeing’s Commercial Airplanes revenue fell short of estimates, reporting $7.44 billion against an estimated $7.66 billion.
  • Negative adjusted free cash flow was reported at $1.96 billion, compared to an expected negative $1.87 billion.
  • The Defense, Space & Security sector recorded revenues of $5.54 billion, slightly below the projected $5.6 billion.
  • Global Services revenue was $4.90 billion, missing the estimated $5.02 billion.
  • Negative operating cash flow was less severe than expected at $1.35 billion, against an estimate of negative $1.99 billion.
  • The company reported a core loss per share of $10.44.
  • Boeing’s backlog stands at a significant $510.51 billion.
  • Commercial airplanes faced an operating loss of $4.02 billion, surpassing the anticipated loss of $3.15 billion.
  • There was an operating loss in the Defense, Space & Security division of $2.38 billion, higher than the expected loss of $1.94 billion.
  • The Global Services operating earnings were $834 million, which was below the forecasted $853.2 million.
  • Total revenue for Boeing was $17.84 billion, compared to an estimate of $17.89 billion.
  • Analyst ratings include 19 buys, 11 holds, and 3 sells.

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Boeing Co on Smartkarma



Analysts on Smartkarma, such as Baptista Research, have provided insightful coverage on Boeing Co, a major player in the aerospace and defense industry facing significant challenges. Baptista Research published reports like “Boeing’s Uncertain Future: Navigating Challenges Amid Strikes & Mounting Debt!” discussing how Boeing’s financial and operational issues, including strikes and production slowdowns, are impacting its performance. Despite these hurdles, Boeing’s extensive order backlog and growth prospects continue to position it as a key player in the global aerospace market.

Furthermore, Baptista Research‘s report “Boeing’s Rocky Runway: Is It Worth the Risk?” highlights the technical and safety challenges facing Boeing, despite its strong market position and order backlog. Issues such as manufacturing defects, regulatory scrutiny, and program delays are raising concerns among investors about Boeing’s future outlook. Another report by Baptista Research delves into Boeing’s strategic acquisition of Spirit and its impact on the company’s performance, emphasizing Boeing’s commitment to quality and safety measures post the Alaska Airlines accident. These reports provide valuable insights for investors assessing Boeing Co‘s investment prospects.



A look at Boeing Co Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth4
Resilience5
Momentum3
OVERALL SMART SCORE2.6

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 promising long-term outlook. With a strong score in Growth and Resilience, the company seems well-positioned for future expansion and able to withstand economic challenges. The high Resilience score indicates that Boeing Co is well-equipped to navigate through uncertainties and market downturns, providing a sense of stability for investors.

Additionally, the above-average Momentum score suggests that Boeing Co is gaining positive traction in the market, potentially leading to increased investor interest and confidence in the company’s performance. While the Value score is lower, the overall combination of scores paints a positive picture for Boeing Co and suggests a favorable outlook for the company’s future prospects.


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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