Proactive Investors - Boeing (NYSE:BA) missed analysts’ earnings expectations in each quarter of 2022, but the company will get another chance to fly higher when it posts its latest results before the opening bell on April 26.
The consensus Street estimates are $17.567 billion in revenue, which would be a 25.56% gain year-over-year, and a loss of $1.04 per share, 62% better than a year earlier.
Those are big upticks, thanks in part to additional distance from the worst of the Covid-19 pandemic.
“An improving ‘post’ COVID-19 commercial aerospace industry and outlook are expected to equate to a vast improvement in the Boeing Co’s 1Q 2023 results, relative to the prior year’s comparative period,” Shaun Murison, senior market analyst at IG, wrote Wednesday.
“A recent update from the company showed that jet deliveries for the first quarter of the year were roughly 37% more than in 1Q 2022. The increased sales are expected to bolster revenue by more than a quarter and move earnings significantly closer towards profitability.”
That said, Boeing has run into issues with delays related to deliveries of its 737 MAX jets. Last week, the company said a “significant” number of 737s remained undelivered due to a supply quality issue that might extend as far back as 2019.