Boeing Surpasses Earnings Expectations with Record Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Strong Earnings Report: Boeing's last quarter revenue of nearly $24 billion exceeded analysts' expectations of $22.6 billion and marked a 57% increase year-over-year, indicating the company's recovery potential during challenging times.
- Return to Profitability: After a 31% revenue decline in Q4 2024, Boeing has successfully returned to profitability, providing hope to investors, although it still lags significantly behind the performance seen in Q4 2018.
- Record Backlog: As of the end of last year, Boeing's backlog of airplane orders reached a historic $682.2 billion, with growth accelerating, reflecting strong future demand for its aircraft.
- Optimistic Industry Outlook: Boeing projects a need for 43,600 new passenger jets between 2025 and 2044, and with the average age of existing planes around 15 years, many will retire, further driving demand for new orders.
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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: 234.040
Low
150.00
Averages
252.43
High
285.00
Current: 234.040
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.
Boeing Surpasses Earnings Expectations with Record Orders
- Strong Earnings Report: Boeing's last quarter revenue of nearly $24 billion exceeded analysts' expectations of $22.6 billion and marked a 57% increase year-over-year, indicating the company's recovery potential during challenging times.
- Return to Profitability: After a 31% revenue decline in Q4 2024, Boeing has successfully returned to profitability, providing hope to investors, although it still lags significantly behind the performance seen in Q4 2018.
- Record Backlog: As of the end of last year, Boeing's backlog of airplane orders reached a historic $682.2 billion, with growth accelerating, reflecting strong future demand for its aircraft.
- Optimistic Industry Outlook: Boeing projects a need for 43,600 new passenger jets between 2025 and 2044, and with the average age of existing planes around 15 years, many will retire, further driving demand for new orders.
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Boeing's Quarterly Performance Shows Recovery
- Significant Revenue Growth: Boeing's last quarter revenue approached $24 billion, exceeding analysts' expectations of $22.6 billion and marking a 57% increase year-over-year, indicating a recovery during challenging times.
- Profit Turnaround: The company successfully returned to profitability, providing hope to investors, although it still lags behind the $24 billion revenue from the final quarter of 2018, highlighting past challenges.
- Record Backlog: As of the end of last year, Boeing's backlog of aircraft orders reached a historic $682.2 billion, with accelerating growth in orders, suggesting substantial future revenue potential.
- Industry Demand Forecast: Boeing projects a need for 43,600 new passenger jets between 2025 and 2044, considering the average age of existing planes is around 15 years, which presents a long-term market opportunity for the company.
Continue Reading