logo
  Join        Login             Stock Quote

The Boeing Company (BA) Q4 Earnings Preview: Electric Shock Therapy?

 January 28, 2013 03:24 PM
 


(By Rich Bieglmeier) The Boeing Company (BA) is scheduled to report earnings before the market open on Wednesday, January 30, 2013 with the conference call slated for 10:30 a.m. ET. Wall Street anticipates that BA will earn $1.19 for its fourth quarter. iStock expects the airplane maker to report earnings that will exceed Wall Street's consensus number. The iEstimate is $1.28– a 9 cents upside surprise.

The Dow member engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Their Dreamliner is in the news for all the wrong reasons of late. Boeing's 787 have been grounded since mid-January due to electrical problems.

[Related -United Technologies Corporation (NYSE:UTX): How Pension Shift Will Drive EPS?]

BA has managed earnings expectations fairly well managed for the past four years. Seventy-five percent of Boeing's last 16 earnings announcements produced bullish surprises, topping the street's consensus number by an average of 18.22%. Meanwhile, on four occasions, BA missed the mark by 10.21% on average.

By most measures, minus electrical problems, 2012 was a good year for Boeing. According to Aviation Week, "Boeing booked 1,203 net orders in 2012, second only to the 1,413 of 2007, and benefited by a spurt of December deliveries, including 15 in one 24-hr. period, to reach 601 for the year." The article finished with, "Boeing recorded 1,339 gross orders for the year but had 136 cancellations. All its programs were in the black for net orders except the 787, which was down 12 aircraft."

[Related -The Boeing Company (BA): Why You Should Look At Boeing's Defense Business?]

The company had a good year delivery wise, as well. The company's website shows 1,356 total commercial and Defense, Space & Security Programs deliveries for 2012, versus 1,073 for 2011. Fourth quarter 2012 versus 2011 produced an increase of 40 deliveries year-over-year, from 160 in Q4 2011 to 200 in Q4 2012. However, BA delivered only one more plane in Q4 2012 compare to Q3 2012, 200 versus 199.

In 2011, Boeing earned $1.83 on expectations of $1.01 of the fourth quarter. Three months ago, BA produced eps of $1.35 versus the consensus of $1.13.

Based on orders and deliveries, iStock anticipates that The Boeing Company (BA) will surpass the street's expectation, once again, on Wednesday morning. Although our iEstimate is at $1.28, we wouldn't be surprised to see a result similar to Q3's $1.35. The big question that needs to be answered, however, is to what degree the Dreamliner's electrical problems will hamper future quarters.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageNetflix, Inc. (NASDAQ:NFLX) Q1 Earnings Preview: Trending Towards a Double Surprise

Netflix, Inc. (NASDAQ:NFLX) will post its first-quarter 2014 financial results and business outlook on its read on...

article imageSolarCity Corp (SCTY): Baird Says Buy the Dip

SolarCity Corp (NASDAQ:SCTY) is a darker shade of green than most today. The alternative energy company I read on...

article imageSelect Comfort Corp. (SCSS) Q1 Earnings Preview: Bear Vs. Bullish Surprise Rests on Margins

Select Comfort Corp. (NASDAQ:SCSS) will release results for the first quarter ended Mar. 29, 2014, after read on...

article imageAdvanced Micro Devices, Inc. (AMD) Q1 Earnings Preview: April Fools’ Gold

Advanced Micro Devices, Inc. (NYSE:AMD) will webcast its quarterly earnings conference call on Thursday, read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.