Boeing Co reports results for the quarter ended March 31 - Earnings Summary

• Boeing Co BA.N reported a quarterly adjusted loss of 49 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.13. The mean expectation of twenty two analysts for the quarter was for a loss of $1.29 per share. Wall Street expected results to range from $-3.01 to -42 cents per share.

• Revenue rose 17.7% to $19.50 billion from a year ago; analysts expected $19.45 billion.

• Boeing Co's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $123 million.

• Boeing Co shares had fallen by 4.7% this quarter and lost 8.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 149.5% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Boeing Co is $200.00

This summary was machine generated from LSEG data April 23 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)