The Boeing Company (NYSE:BA) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, BA is expected to report 3Q20 loss of $ 2.32 per share from revenue of $ 14487.60 million.
For the full year, analysts anticipate top line of $ 61048.80 million, while looking forward to loss of $ 9.62 per share bottom line.
Previous Quarter Performance
The Boeing Company recorded loss for the second quarter of $ 4.79 per share, from the revenue of $ 11,807.00 million. The quarterly revenues contracted 25.04 percent compared with the same quarter last year. Street analysts expected The Boeing Company to report loss of $ 2.54 per share on revenue of $ 13162.10 million for the second quarter. The bottom line results missed street analysts by $ 2.25 or 88.58 percent, at the same time, top line results fell short of analysts by $ 1 million or 10.3 percent.
Stock Performance
Shares of The Boeing Company traded low $ -5.59 or -3.48 percent on Tuesday, reaching $ 155.24 with volume of 15.10 million shares. The Boeing Company has traded high as $ 160.25 and has cracked $ 155.00 on the downward trend
According to the previous trading day, closing price of $ 155.24, representing a 80.71 % increase from the 52 week low of $ 89.00 and a 57.18 % decrease over the 52 week high of $ 375.60.
The company has a market capital of $ 87.63 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Credit Suisse Group at Neutral rating, with $ 184.00 target price.
- On 8th September 2020, initiated by Morgan Stanley at Underweight rating, with $ 181.00 target price.
Conference Call
The Boeing Company will be hosting a conference call at 10:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.boeing.com
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services, principally.
