Summary:
- Boeing (BA, Financial) reports a Q1 Non-GAAP EPS loss, yet beats expectations.
- Revenue climbs significantly, but slightly misses projections.
- Analyst targets suggest potential upside for Boeing's stock.
Boeing (BA) has announced its financial results for the first quarter, revealing a Non-GAAP EPS loss of $0.49, which surpassed expectations by $0.81. Despite recording a 17.7% increase in revenue to $19.5 billion year-over-year, this figure was still $290 million short of projections. The company delivered 130 commercial units and plans to increase 737 production to 38 per month this year. This positive forecast pushed Boeing shares up by 4% in pre-market trading.
Wall Street Analysts Forecast
In terms of stock price predictions, 24 analysts have set a 12-month price target for Boeing Co (BA, Financial) at an average of $194.88. Projections range from a high of $233.00 to a low of $111.00, indicating a potential 19.91% upside from the current price of $162.52. For more extensive estimate data, visit the Boeing Co (BA) Forecast page.
Further reflecting market sentiment, 29 brokerage firms have assigned Boeing Co (BA, Financial) an average brokerage recommendation of 2.2, which indicates an "Outperform" status on a scale where 1 represents a Strong Buy and 5 signifies a Sell.
Using GuruFocus metrics, Boeing Co's (BA, Financial) estimated GF Value for the upcoming year is calculated at $188.90. This valuation presupposes a 16.23% upside from the current stock price of $162.52. The GF Value assesses a stock's fair trading value based on historical trade multiples, prior business growth, and future performance predictions. Detailed information can be accessed on the Boeing Co (BA) Summary page.
