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REFILE-BUZZ-PREVIEW: Boeing seen posting 26% year-on-year revenue drop on Tues

ReutersJan 27, 2025 5:51 PM

Refiles to fix date in 4th bullet to Jan 23 from Jan 24

** Shares of Boeing Co BA.N dipped 0.3% amid a steep, tech-concentrated selloff on Mon ahead of its qtrly results expected before the opening bell Tues

** Aerospace co expected to post adj loss/shr of $2.65, compared with yr-ago qtr's $0.47 loss/sh, on rev of $16.21 bln, a 26.4% y/y decrease, according to LSEG

** BA has fallen short of analyst bottom line estimates four times over the last eight qtrs, per LSEG

** On Jan 23, planemaker warned of a Q4 loss of about $4 bln, capping a year of regulatory scrutiny, supply chain delays and a crippling strike, which ended on Nov 5 after seven weeks, and brought plane production to a standstill

** On Jan 14, co revealed aircraft deliveries bounced back in December, but its total deliveries for the year dropped 34.1% to the lowest level since the COVID pandemic.

** Of 28 analysts covering BA, 16 rate stock "buy" or stronger, 10 recommend "hold," 2 have "sell" ratings - LSEG

** Median 12-mo price target is $200.00, up from $195.00 three months ago

** Including today's move, BA's stock is down ~1% YTD compared with the Dow's .DJI near ~4.7% advance so far this year

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