Boeing (BA) Tops Q4 Earnings Estimates, Misses on Revenues

The Boeing Co.BA is a premier jet aircraft manufacturer and is also one of the largest defense contractors in the U.S. Its revenue exposure is spread across more than 90 countries around the globe.

In the race for supremacy in the commercial skies, the North American jet plane maker - Boeing − has surpassed its European rival Airbus in 2015 for the fourth consecutive year. Competition between Airbus and Boeing has been characterized as a duopoly in the large jet airliner market since the 1990s.

Estimates Revision & Earnings Surprise Trend

Boeing's earnings estimates revision for the fourth quarter has remained stable over the past 7 days.

Yet, it does have an impressive history in earnings season, reporting positive earnings surprises in the last three of the four quarters with an average beat of 24.66%.

Zacks Rank: Currently, Boeing has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:

Boeing Company (The) Price and EPS Surprise

Boeing Company (The) Price and EPS Surprise | Boeing Company (The) Quote

Earnings: Our consensus called for earnings of $2.34 and the company reported adjusted earnings per share of $2.47.

Revenue: Revenues missed the expectations. Boeing posted revenues of $23.29 billion, compared to our consensus estimate of $23.45 billion.

Key Stats to Note: Boeing ended the fourth quarter of 2016 with total backlog of $473 billion, up from $462 billion at third-quarter end.

Boeing provided its 2017 outlook with its core earnings expected in the range of $9.10-$9.30. Its revenue forecast lies in the range of $90.5-$92.5 billion.

Market Reaction: Shares were up about 1.45% in pre-market trading following the release, at the time of this write-up.

Check back later for our full write up on this Boeing earnings report later!

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>

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

Boeing Company (The) (BA): Free Stock Analysis Report

To read this article on click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics

Earnings Investing Stocks

Latest Markets Videos


Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

Learn More