- Boeing’s 1Q revenue surpassed estimates, with actual figures reaching $16.57 billion against an estimate of $16.25 billion.
- Commercial Airplanes reported revenue of $4.65 billion, which did not meet the estimated $5.45 billion.
- Defense, Space and Security revenue was reported at $6.95 billion, beating the predicted $6.38 billion.
- Global Services revenue also exceeded estimates, reaching $5.05 billion compared to the predicted $4.98 billion.
- Boeing reported a negative adjusted free cash flow of $3.93 billion, which was better than the estimated negative $4.4 billion.
- The company’s operating cash flow was negative at $3.36 billion, instead of the expected negative $2.77 billion.
- The core loss per share ended up at $1.13.
- The backlog reported by Boeing is currently at $529 billion.
- Operating earnings for Defense, Space & Security were $151 million, surpassing the estimate of $62.7 million.
- Global services operating earnings were $916 million, more than the estimated $824.7 million.
- Boeing’s CEO and president, Dave Calhoun, attributed the first quarter results to measures undertaken to slow down 737 production to improve quality.
- Senior market analysts were divided on Boeing’s valuation, with 21 recommending a “buy”, 10 deeming it worthy of “hold”, and only 2 suggesting to “sell”.
Boeing Co on Smartkarma
Analysts on Smartkarma have provided contrasting views on Boeing Co‘s future prospects. Odd Lots raised concerns about Boeing’s direction under CEO David Calhoun, noting the dissolution of the strategy department. Despite a strong global aviation market, Boeing’s stock has dropped by 20% this year, with worries about a focus on financial performance over safety lingering.
On the other hand, Baptista Research highlighted both challenges and opportunities for Boeing. While acknowledging issues like the grounding of the 737 MAX 9, there was optimism surrounding the FAA’s approval of inspection protocols. This positive sentiment was in contrast to Bedrock AI‘s bearish outlook, focusing on industry-wide challenges like rising costs and Boeing’s ongoing issues impacting airlines.
A look at Boeing Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Boeing Co has a positive long-term outlook. With top scores in Growth and Resilience categories, the company is positioned well for future expansion and has shown robustness in overcoming challenges. This indicates a promising future for Boeing Co in terms of innovation and adaptability. While the company has room for improvement in areas like Value and Momentum, its strong standing in key factors bodes well for its overall performance.
The Boeing Company, a prominent player in the commercial jet aircraft industry, is dedicated to developing cutting-edge technologies and providing essential services to airlines globally. Additionally, the company excels in the research and production of defense systems, showcasing its versatility across multiple sectors. With a solid foundation in Growth and Resilience, Boeing Co continues to demonstrate its commitment to excellence and advancement in the aerospace and defense sectors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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