However, this is not the case for BA.īoeing has an Earnings ESP of -1.45% and a Zacks Rank #3. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Our proven model does not conclusively predict an earnings beat for Boeing this time around. The bottom-line estimate is pinned at a loss of 99 cents per share, indicating a significant deterioration from the year-ago quarter’s reported loss of 37 cents. The Zacks Consensus Estimate for Boeing’s total revenues is pegged at $18.46 billion, implying a 10.7% improvement from the prior-year period’s reported figure. This, along with several BA converted freighter and materials management agreements in the recent past, is likely to have added an impetus to BGS’ second-quarter revenues. Meanwhile all 737 Max operators having returned to flying this jet as of Mar 31, 2023, must have also bolstered aftermarket services revenue for Boeing in the soon to be reported quarter. Notably, steadily growing domestic and international air travel are expected to have bolstered fleet utilization, thereby boosting aftermarket commercial jet services in the second quarter of 2023. We remain optimistic about Boeing Global Services (BGS) unit’s second-quarter performance. Therefore, improvement in Boeing’s commercial shipment is likely to have outweighed the decline in defense shipment, thereby aiding its overall top-line performance. While the jet giant’s military business revenues accounted for almost 35% of its total revenues as of 2022-end, the commercial business contributed 39%. The Boeing Company price-eps-surprise | The Boeing Company Quote The Boeing Company Price and EPS Surprise Therefore, such a significant improvement in the jet maker’s deliveries for its commercial segment is expected to benefit its overall second-quarter results. However, defense shipments declined 5% year over year.įor manufacturing companies like Boeing, successful deliveries of finished products play a crucial role in boosting revenue growth. Solid Commercial Deliveries to Aid Resultsīoeing’s second-quarter deliveries reflect a solid 12.4% surge in commercial shipments from the year-ago quarter’s reported figure. Yet, abnormal costs associated with 787 might adversely impact its overall quarterly results. Solid commercial delivery figures, along with robust aftermarket services trend, are likely to have boosted Boeing’s second-quarter earnings. In the last reported quarter, the company incurred a loss of $1.27 per share, which came in much wider than the Zacks Consensus Estimate of a loss of 98 cents. The Boeing Company BA is set to release second-quarter 2023 results on Jul 26, before the opening bell.

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