Having beaten analysts' expectations in each of the last five quarters, Boeing (NYSE:BA) will announce on Wednesday whether the streak is alive or snapped.
Analysts currently expect Boeing to come in with earnings of $1.11 per share on revenues of $19.35 billion. Estimates range from earnings per share to earnings per share. Over the past two months, the average estimate has moved up from $1.07.
The stock fell $3.05 per share between May 8, 2012 and May 16, 2012.
Company Fundamental Trends The company will look to keep the its run of success flowing with earnings announcement, after experiencing income increases the last three quarters. Net income rose 31.2% in the third quarter of the last fiscal year and 19.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 6.2% in the second quarter of the last fiscal year, 4.5% in the third quarter of the last fiscal year and 18.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Analysts are bullish on the stock as 19 analysts rate it as a buy and only one analyst rate it as a sell. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose 57.5% to $923 million ($1.22 a share) from $586 million (78 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 30% to $19.38 billion from $14.91 billion.
Reporting Period: 2Q
Date of Release: Wednesday, July 25, 2012
Revenue Estimate: $19.35 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)