Boeing Reports Strong Q4 Results with Revenue Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
0mins
Source: Benzinga
- Significant Revenue Growth: Boeing's fourth-quarter revenue reached $23.948 billion, a 57% increase from $15.242 billion last year, exceeding analyst expectations of $22.470 billion, indicating a substantial rise in commercial deliveries.
- Earnings Volatility: While GAAP diluted earnings per share were $10.23, improving from a loss of $5.46 a year earlier, the adjusted loss of $1.91 per share fell short of Wall Street's expectation of a 39-cent loss, reflecting instability in profitability.
- Order and Delivery Metrics: Boeing booked 336 net orders in Q4 and 1,173 for the full year, ending with a backlog of over 6,100 airplanes valued at a record $567 billion, showcasing strong market demand recovery.
- Cash Flow Improvement: The company reported operating cash flow of $1.331 billion for the quarter, a significant recovery from a $3.450 billion outflow last year, with free cash flow at $375 million, indicating important progress in restoring financial health.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 252.43 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 248.430
Low
150.00
Averages
252.43
High
285.00
Current: 248.430
Low
150.00
Averages
252.43
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
