What To Expect From Boeing's (BA) Q4 Earnings

Aerospace and defense company Boeing (NYSE:BA) will be reporting results this Tuesday before market hours. Here’s what you need to know.

Boeing beat analysts’ revenue expectations by 6.3% last quarter, reporting revenues of $23.27 billion, up 30.4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.

Is Boeing a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Boeing’s revenue to grow 46.9% year on year to $22.39 billion, a reversal from the 30.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.41 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Boeing has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Boeing’s peers in the aerospace and defense segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 15.9%, beating analysts’ expectations by 4.4%, and CACI reported revenues up 5.7%, falling short of estimates by 2.4%. AAR traded up 2.1% following the results while CACI was also up 3.6%.

Read our full analysis of AAR’s results here and CACI’s results here.

There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 9.2% on average over the last month. Boeing is up 15.8% during the same time and is heading into earnings with an average analyst price target of $258.04 (compared to the current share price of $251.70).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.