Boeing (BA, Financial) has disclosed its financial results for the first quarter, revealing a revenue of $19.5 billion. This figure falls short of the anticipated $19.79 billion, marking a slight deviation from analyst expectations.
The company’s leadership, under the guidance of President and CEO Kelly Ortberg, highlighted ongoing improvements in operational performance across its various business segments. The focus remains on enhancing safety and quality, which are critical aspects of Boeing’s strategic recovery plan.
Ortberg expressed optimism about the early positive outcomes of the company's execution strategies, emphasizing the long-term commitment to address and implement essential changes needed to restore Boeing’s overall performance, especially amidst current industry challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Boeing Co (BA, Financial) is $194.88 with a high estimate of $233.00 and a low estimate of $111.00. The average target implies an upside of 19.91% from the current price of $162.52. More detailed estimate data can be found on the Boeing Co (BA) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Boeing Co's (BA, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boeing Co (BA, Financial) in one year is $188.90, suggesting a upside of 16.23% from the current price of $162.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boeing Co (BA) Summary page.
