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- 1 BA Stock fell 3.74% in a month but rallied 10.45% YTD.
- 2 The Boeing Co. is set to announce earnings on July 26, 2023.
The Boeing Company (NYSE: BA) will announce an earnings report on July 26, 2023. The company delivered 136 airplanes in the second quarter of 2023 and consequently, a rally of the stock price is expected. They previously delivered 130 planes in Q1. Nevertheless, it’s a considerable hike compared to 121 airplanes delivered in Q2 2022.
The Boeing Company (BA Stock) – Financial Analysis
The increasing demand in the airline sector is due to solid travel demand and increased defense spending. Considering the current geopolitical scenario in Europe, orders are pouring in for Boeing and its peers. Airbus also benefited from the strong demand and delivered 316 aircrafts in 2023.
Even as the number of deliveries rises, the aerospace company faces some troubles. Its margins and earnings per share (EPS) are still under pressure due to higher R&D expenditures. During the conference call in Q1 2023, Boeing’s management hinted that the Q2 earnings could coincide with Q1, where the company reported a loss of $1.27 per share.
Management estimates that the free cash flow and the EPS could improve slightly as the year passes, mainly due to high demand and the improving supply chain scenario of the company. Additionally, Sentinel Pension Advisors Inc. bought 1,283 shares of NYSE: BA for $269k.
At press time, BA Stock is trading at $213.12 with a drop of 1.72%. Its previous close and open were at $216.85 and $217.00, respectively. The 52-week range is from $120.99 to $223.91, indicating that the current price is closer to the upper end of the spectrum. With an average volume of 5.79 million shares, the market cap is $128.212 billion.
The trailing twelve-month (ttm) earnings per share (EPS) is minus $6.82. Analysts placed a 2.60 rating for moderate buy and estimated a price target at $223.14 with an upside of 4.7%. The 50-day moving average is around $209.27, while the 200-day moving average is nearly $207.53.
The Boeing Co. reported its last earnings on April 26, 2023, where the reported revenue of $17.921 billion surpassed the estimated value of $17.516 billion by 2.31%. At the same time, the reported earnings per share (EPS) of $1.27 failed to beat the estimation of negative $1.073 per share by 18.31%.
The profit margin drops by 5.86% while the operating margin barely stays above zero at 0.14%. The (ttm) revenue is $70.54 billion, while the year-over-year (YoY) quarterly revenue growth gained 28.10%. Total cash in hand at the end of the most recent quarter (mrq) is $14.77 billion, while the total debt of the company is $55.39 billion.
The Boeing Co. (BA Stock) – Candle Exploration
The BA share price has been in a double-bottom pattern since March 2022. It came out of it at the start of 2023 but has been consolidating in a range ever since. The price action managed to break the range to enter the supply zone on more than one occasion but it could not sustain the jump.
If the earnings report turns out to be positive, the price might break the range to enter the supply zone and can trade to even higher points. An upward-moving EMA does provide a positive signal, but the dropping value of RSI, currently at 51.39, despite showcasing strength, does not clearly indicate a rally.
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The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
