What's Going On With Boeing Airlines Stock Wednesday?
Portfolio Pulse from Dylan Berman
Boeing (NYSE:BA) shares are trading lower on Wednesday ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion for the 2024 fiscal year second quarter. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.
July 24, 2024 | 5:10 pm
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Boeing shares are trading lower ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.
Boeing's stock is trading lower due to a combination of factors including anticipated earnings loss, legal issues with the DOJ, FAA grounding of jets, and recent orders. The negative sentiment is likely to persist in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100