Boeing Co is a leading aerospace company that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment worldwide
The company serves a wide range of customers, including commercial airlines, government agencies, and defense organizations, providing innovative solutions for air travel and space exploration. Through its diverse portfolio, Boeing is involved in both commercial and military aircraft production, as well as technologies related to space and satellite operations, aiming to enhance global connectivity and advance aerospace technology. Additionally, Boeing engages in maintenance, repair, and logistics services to support its products throughout their lifecycle.
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UBS analyst Gavin Parsons raised the firm's price target on Boeing to $217 from $208 while keeping a ‘Buy’ rating on the shares. JPMorgan analyst Seth Seifman raised Boeing's price target to $200 from $190 while maintaining an ‘Overweight’ rating.
During the fourth quarter (Q4), the airplane manufacturer reported an earnings loss of $5.90 per share, worse than an estimated loss of $3.78 per share, according to FinChat. Its net loss for the quarter stood at $3.86 billion.
Aerospace and defense company Boeing (NYSEBA) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 30.8% year on year to $15.24 billion. Its non-GAAP loss of $5.90 per share was 82.7% below analysts’ consensus estimates.
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Boeing reported a 31% revenue decline in Q4 2024, with adjusted loss per share of $5.90. Commercial airplane revenue fell 55% and backlog totaled $435B.
The company announced a 10x year-over-year rise in its third-quarter net profit at €149 million ($156 million) led by a 9% growth in traffic to 45 million passengers at marginally higher fares.
