What's Up With Boeing Stock Today?
Portfolio Pulse from Henry Khederian
Boeing Co's shares are trading higher by 0.7% to $182.30 amid anticipation of the company's third-quarter earnings report. Analyst consensus estimates an EPS loss of $2.96 on revenue of $18.06 billion. Boeing delivered 105 commercial airplanes in the third quarter, raising their total deliveries for the year to 371. Boeing's gross orders for the year reached 848, resulting in a backlog of 5,172 orders.
October 24, 2023 | 5:42 pm
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Boeing's stock is trading higher in anticipation of its Q3 earnings report. The company has a strong backlog of orders, which could potentially offset the expected EPS loss.
The rise in Boeing's stock price is likely due to the anticipation of its Q3 earnings report. Despite the expected EPS loss, the company's strong backlog of orders indicates a potential for future revenue, which could be driving the stock price up.
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