Boeing Co. (NYSE:BA) Surpasses Earnings and Revenue Estimates

• Cowen & Co. maintains a "Buy" rating for Boeing (NYSE:BA), raising the price target from $180 to $200.
• The current stock price of Boeing is $185.56, with a slight decrease of 0.22% or $0.40.
• Boeing's stock has experienced volatility, trading between $183.50 and $186.70 today, indicating strong investor interest and engagement.

Boeing (NYSE:BA) is a leading aerospace company known for manufacturing commercial jetliners, defense, space, and security systems. It competes with companies like Airbus in the commercial aircraft sector. On May 7, 2025, Cowen & Co. maintained its "Buy" rating for Boeing, with the stock priced at $185.52. This reflects confidence in Boeing's market position and future prospects.

TD Cowen analyst Gautam Khanna also supports this positive outlook by raising Boeing's price target from $180 to $200. This suggests an expectation of growth in Boeing's stock value. The current stock price is $185.56, showing a slight decrease of 0.22% or $0.40. Despite this minor dip, the raised price target indicates potential for future gains.

Boeing's stock has shown volatility, trading between $183.50 and $186.70 today. Over the past year, it has reached a high of $196.95 and a low of $128.88. This range highlights the stock's fluctuations, yet the "Buy" rating suggests confidence in its upward trajectory. The company's market capitalization is approximately $139.9 billion, reflecting its significant presence in the aerospace industry.

Today's trading volume for Boeing is 5,355,022 shares on the NYSE. This level of activity indicates strong investor interest and engagement with the stock. The combination of a maintained "Buy" rating and an increased price target from TD Cowen suggests that Boeing is positioned for potential growth, despite recent price fluctuations.

Citi analysts reaffirmed a Buy rating on Boeing (NYSE:BA) with a $210 price target, arguing that the market is undervaluing the company’s long-term growth prospects.

According to the bank, current valuations reflect an unrealistically low assumption of less than 1% free cash flow (FCF) growth indefinitely, whereas a 3% growth rate is achievable based on industry trends. If Boeing meets this target, the stock could see up to 50% upside from current levels.

The analysts pointed to several key growth drivers, including a 3.2% compound annual growth rate in global airline fleet expansion over the next 20 years, as well as a projected 3% annual increase in the Department of Defense’s base budget through fiscal 2030. These factors provide a strong foundation for sustained revenue growth in both the commercial aerospace and defense sectors.

Despite recent turbulence surrounding Boeing’s operational challenges, long-term fundamentals remain intact, and Citi sees a compelling investment opportunity as the company capitalizes on rising global demand for aircraft and defense contracts.

Boeing Co. (NYSE:BA), a leading aerospace and defense company, is known for manufacturing commercial jetliners and defense, space, and security systems. Despite its reputation, Boeing faces stiff competition from Airbus and is under scrutiny from regulators and customers. The company recently reported disappointing financial results, highlighting ongoing challenges in its operations.

On January 28, 2025, Boeing reported an earnings per share (EPS) of -$5.90, significantly missing the estimated EPS of -$1.60. This core earnings loss was even below the anticipated loss of $3.22 per share, as highlighted by the company's financial disclosures. Boeing's revenue for the quarter was $15.24 billion, falling short of the estimated $15.64 billion, and missing the consensus forecast of $15.6 billion.

Despite these setbacks, Boeing's stock experienced a notable surge, rising by 4.3% to $182.74. This marked its most significant single-day percentage gain in over a year, as highlighted by Schaeffer's top picks for 2025. The stock's recent performance is helping to reduce its 10.5% year-over-year deficit and has reached its highest level since August.

Boeing's financial challenges are further emphasized by its annual loss of $11.8 billion, the largest since 2020. This loss is attributed to ongoing issues within its commercial and defense units, as well as a major strike by factory workers on the US west coast. Despite these challenges, Boeing's shares saw a slight increase of 0.5% in pre-market trading.

CEO Kelly Ortberg, who took over in August, is tasked with steering Boeing through these turbulent times. The company is focusing on operational stabilization and quality enhancement as key priorities. Boeing is also working to expedite the delivery of two Air Force One aircraft and gradually increase the production and deliveries of its 737 aircraft.

The Boeing Company (NYSE:BA) announced a challenging fourth quarter, reporting a significant revenue decline to $15.2 billion and a GAAP loss per share of ($5.46). On a core (non-GAAP) basis, the loss per share reached ($5.90), highlighting the financial strain caused by multiple factors, including a work stoppage by the International Association of Machinists and Aerospace Workers (IAM), charges related to defense programs, and expenses stemming from earlier workforce reductions.

Boeing's operating cash flow for the quarter was negative $3.5 billion, while its total cash and marketable securities stood at $26.3 billion. Over the course of 2024, the company delivered 348 commercial airplanes and recorded 279 net orders. The total backlog for Boeing remained robust at $521 billion, representing a pipeline of over 5,500 commercial aircraft.

The company's Commercial Airplanes division faced severe headwinds, with revenue falling 55% year-over-year to $4.8 billion and an operating margin of (43.9) percent. Similarly, the Defense, Space & Security segment reported a revenue of $5.4 billion and an operating margin of (41.9) percent, weighed down by $1.7 billion in pre-tax charges across multiple programs.

Despite these challenges, Boeing's Global Services segment emerged as a bright spot. The division generated $5.1 billion in revenue during the fourth quarter, achieving a healthy operating margin of 19.5 percent, driven by increased commercial activity and an improved product mix.

President and CEO Kelly Ortberg expressed determination to stabilize the company’s operations and rebuild trust with all stakeholders. Ortberg underscored Boeing’s commitment to making foundational changes to enhance performance, safety, and quality across the organization.

Wolfe Research analysts reaffirmed their Outperform rating and a $195 price target for Boeing (NYSE:BA), emphasizing that recent aviation incidents have no material impact on the company’s stock or operational outlook. Despite tragic events involving older 737-800 models, the analysts mentioned that these occurrences are unrelated to Boeing’s current production or design efforts, particularly its ongoing ramp-up of the 737 MAX program.

The recent crash of a 15-year-old Jeju Air 737-800 and a separate runway excursion involving a 24-year-old 737-800 highlight the inherent risks in commercial aviation but do not implicate Boeing’s workmanship or aircraft design. Such incidents, while rare, serve as a reminder of the headline risks aircraft manufacturers face, even when the events are unrelated to their products or operations. Additionally, the tragic Christmas Day downing of an Azerbaijan Embraer E190 is similarly detached from manufacturing concerns and should not influence investor sentiment toward Boeing or other aerospace companies.

Commercial aviation safety has remained exceptional, with only one fatality reported on a western-built commercial jet in 2024 prior to December 25. These isolated incidents, though significant, do not alter the underlying strength of Boeing’s business or its path to production recovery and growth, according to the analysts.

As Boeing continues its focus on scaling 737 MAX production and addressing industry demands, the company remains well-positioned for long-term success, supported by its robust backlog and improving operational efficiencies.

• Boeing Co. (NYSE:BA) reported an EPS of -$10.44 for Q3 2024, missing estimates slightly but exceeding revenue expectations with $17.84 billion.
• The company's operating losses surged to $5.76 billion, significantly impacted by a machinists' strike and quality control issues.
• Despite a 36% decline in stock price and challenging financial ratios, Boeing's leadership is focused on culture change and business stabilization.

Boeing Co. (NYSE:BA) is a leading aerospace company known for manufacturing commercial jetliners and defense, space, and security systems. Despite its prominent position in the industry, Boeing faces significant financial challenges. The company reported an earnings per share (EPS) of -$10.44 for the third quarter of 2024, slightly missing the estimated EPS of -$10.35. However, Boeing's revenue of $17.84 billion exceeded expectations, surpassing the estimated $17.81 billion.

Boeing's financial struggles are evident in its operating losses, which have surged from $808 million to $5.76 billion year-on-year in the third quarter. This increase is largely due to a machinists' strike in the Seattle region, which contributed to a $4 billion operating loss in the commercial aircraft division. The strike, affecting the final two weeks of the quarter, has been a significant factor in Boeing's financial performance, as highlighted by the company's recent earnings report.

The company's margins have also suffered, dropping from -4.5% to -32.3%. This decline reflects the impact of quality control issues and operational disruptions. Despite these challenges, Boeing's leadership remains optimistic. CEO Kelly Ortberg, who took over in August, is focused on restoring Boeing's iconic status by emphasizing culture change, business stabilization, and improved program execution.

Boeing's stock has declined by 36% since the beginning of the year, reflecting investor concerns over the company's financial health. The company's financial ratios, such as a negative P/E ratio of -28.64 and a debt-to-equity ratio of -3.22, indicate significant financial difficulties. Additionally, the enterprise value to operating cash flow ratio of -37.49 highlights potential issues with cash flow generation, as reported by various financial analysts.

Despite these challenges, Boeing's revenue saw a slight decline of 1% to $17.84 billion, and the company delivered 291 aircraft in the first nine months of the year, compared to 371 in the same period in 2023. The company's leadership remains committed to overcoming these obstacles and laying the foundation for Boeing's future as an aerospace leader.