Seeking Clues to Boeing (BA) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Analysts on Wall Street project that Boeing (BA) will announce quarterly loss of -$1.47 per share in its forthcoming report, representing an increase of 49.3% year over year. Revenues are projected to reach $21.86 billion, increasing 29.6% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific Boeing metrics that are routinely monitored and predicted by Wall Street analysts.Analysts' assessment points toward 'Revenues- Global Services' reaching $5.16 billion. The estimate indicates a change of +5.6% from the prior-year quarter.It is projected by analysts that the 'Revenues- Defense, Space & Security' will reach $6.40 billion. The estimate indicates a year-over-year change of +6.3%.According to the collective judgment of analysts, 'Revenues- Commercial Airplanes' should come in at $9.95 billion. The estimate suggests a change of +65.7% year over year.The average prediction of analysts places 'Deliveries - Total' at 130 . Compared to the current estimate, the company reported 120 in the same quarter of the previous year.The combined assessment of analysts suggests that 'Deliveries - Commercial Airplanes - 737' will likely reach 94 . The estimate is in contrast to the year-ago figure of 70 .Analysts forecast 'Deliveries - Commercial Airplanes - 787' to reach 20 . Compared to the present estimate, the company reported 9 in the same quarter last year.The collective assessment of analysts points to an estimated 'Deliveries - Commercial Airplanes - 777' of 9 . The estimate compares to the year-ago value of 7 .The consensus estimate for 'Deliveries - Commercial Airplanes - 767' stands at 8 . The estimate compares to the year-ago value of 6 .Analysts predict that the 'Earnings/(loss) from operations- Global Services' will reach $941.96 million. The estimate is in contrast to the year-ago figure of $870.00 million. View all Key Company Metrics for Boeing here>>> Over the past month, shares of Boeing have returned +17.6% versus the Zacks S&P 500 composite's +5.7% change. Currently, BA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks