Boeing Likely To Report Narrower Q4 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Boeing (NYSE:BA) is anticipated to report a narrower Q4 loss of 78 cents per share compared to last year's $1.75 per share. Revenue is expected to be $21.10 billion, up from $19.98 billion. The company withdrew a safety exemption request for its 737 MAX 7 and 10, potentially delaying certification. Shares dropped 2.3% to $200.44. Analysts have revised their ratings and price targets, with accuracy rates ranging from 62% to 72%.
January 31, 2024 | 6:08 am
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NEGATIVE IMPACT
Boeing is expected to report a reduced Q4 loss and increased revenue. The withdrawal of a safety exemption for 737 MAX could delay certification, affecting stock value. Analysts have mixed views, with recent downgrades and price target adjustments.
The narrower loss and revenue increase are positive, but the withdrawal of the 737 MAX safety exemption and the resulting potential certification delay are negative. The stock price drop and mixed analyst ratings suggest short-term uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100