What to Expect When The Boeing Company [BA] Releases Earnings

Earnings from The Boeing Company [BA] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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BA Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$1.16 per share on revenue of $15.02B. Taking a look at the future, the company is projected to report revenue of $19.65B at an earnings per share of -$0.38 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 10.50% in revenue and 1392.90% in earnings per share for the company.

BA Stock Earnings Forecast For The Current Year

For the full financial year, The Boeing Company [NYSE:BA] is forecasted to generate revenue of $79.97B. The figure is about $21.81 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.45 in 2021, which is $11.63 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 96.30% this year, 1,300.00% next year, and 12.33% annually over the next five years. With regard to sales, forecasts suggest an incline of 37.50% in current fiscal year and 10.50% over following year.

BA Stock Price Performance

At the close of Tuesday’s session, The Boeing Company [NYSE:BA] finished up 0.43% at $242.47. The stock’s highest single-day price was $243.49, and its lowest was $239.41. Its price rose 3.59% in the last five days. Since the beginning of the year, The Boeing Company’s shares are up nearly 13.27%. However, the share price is -12.96% below its one year high. The top price reached by the shares of the company was $278.57 on 03/15/21, while the 52-week low came on 01/27/21, when the shares were $191.85. In the past year, shares of the company have risen 88.43%. At 50 days, the moving average achieved is $240.33 while at 200 days, the moving average is $199.81. There were 10.5 million shares traded in the last session, down from 10.59 million in the previous session.

The Boeing Company [NYSE:BA] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.37 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.60 for the industry, which means BA offers an unattractive investment opportunity than its competitors do.

BA Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 242.47 level, and the violation of this level will cause a further drop to 240.09 level. At the upper end, 248.25 remains a key resistance. As the stock increases, it may find resistance at 245.87. In the 14-day chart, the Relative Strength Index standing at 48.44 suggests a technical neutral stance while the MACD standing at -4.42 indicates price will decrease in the next trading period. Stochastic %K at 37.13% suggests holding the stock while Percent R indicator at 56.48% suggests low price movement.

How much is the short interest in The Boeing Company?

There have been a drop in short interest in the The Boeing Company Financial stock, with short interest up by 0.38 million shares to 9.28 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 9.66 million shares. This -4.09% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.66% of the overall float in the stock, while the stock’s days to cover moved to 0.43.

How do analysts view The Boeing Company?

In regard to the share price forecast for The Boeing Company stock, the analysts, as surveyed by FactSet, forecast the price to reach $262.50 in the next twelve months, representing almost an 7.63% growth from its recent price of $242.47. Among The Boeing Company stock projections, $314.00 is the highest analyst target for the stock, while $165.00 is the lowest. Despite this, 27 analysts who share their consensus rating for BA in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/15/21, when Credit Suisse Ratings launched coverage of the stock at “Neutral” and assigned a price target of $233.0.

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