Boeing (BA) Down 7.6% Since Last Earnings Report: Can It Rebound?

Zacks11-23 00:30

A month has gone by since the last earnings report for Boeing (BA). Shares have lost about 7.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to ...

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Shares have lost about 7.6% in that time frame, underperforming the S&P 500.\nWill the recent negative trend continue leading up to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/boeing-ba-down-7-6-163058221.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boeing (BA) Down 7.6% Since Last Earnings Report: Can It Rebound?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoeing (BA) Down 7.6% Since Last Earnings Report: Can It Rebound?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 00:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/boeing-ba-down-7-6-163058221.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Boeing (BA). Shares have lost about 7.6% in that time frame, underperforming the S&P 500.\nWill the recent negative trend continue leading up to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/boeing-ba-down-7-6-163058221.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BA","symbol_name":"波音","start_time":0,"source_url":"https://finance.yahoo.com/news/boeing-ba-down-7-6-163058221.html","article_id":"2485292880","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/I67vygGrP1BjgOjVx.apeA--~B/aD03Mjg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b9775f315e7b6c4ada6e36d0048a929a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485292880","pubTimestamp":1732293058,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Boeing . Shares have lost about 7.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Boeing due for a breakout?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.Boeing Q3 Earnings Lag Estimates, Revenues Decrease Y/Y. The Boeing Company incurred an adjusted loss of $10.44 per share in the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of $10.34. The bottom line deteriorated from the year-ago quarter’s reported loss of $3.26 per share.The year-over-year deterioration can be attributed to the adverse impacts of the International Association of Machinists and Aerospace Workers  work stoppage and previously announced charges on commercial and defense programs.Boeing exited third-quarter ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BA":"波音"},"translate_title":"波音(BA)自上次盈利报告以来下跌7.6%：能否反弹？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BA":1},"content_text":"A month has gone by since the last earnings report for Boeing (BA). Shares have lost about 7.6% in that time frame, underperforming the S&P 500.\nWill the recent negative trend continue leading up to its next earnings release, or is Boeing due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. \nBoeing Q3 Earnings Lag Estimates, Revenues Decrease Y/Y\nThe Boeing Company incurred an adjusted loss of $10.44 per share in the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of $10.34. The bottom line deteriorated from the year-ago quarter’s reported loss of $3.26 per share. \nIncluding one-time items, the company reported a GAAP loss of $9.97 per share, wider than the year-ago quarter’s reported loss of $2.70.\nThe year-over-year deterioration can be attributed to the adverse impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage and previously announced charges on commercial and defense programs.\nRevenues\nRevenues amounted to $17.84 billion, which decreased 1% from the year-ago reported figure of $18.10 billion.\nThe year-over-year deterioration was due to dismal performance by the Commercial Airplanes segment.\nTotal Backlog\nBacklog at the end of the third quarter of 2024 totaled $510.51 billion, down from $515.87 billion recorded at the end of the second quarter.\nSegmental Performances\nCommercial Airplane: Revenues in this segment declined 5% year over year to $7.44 billion, reflecting the impact of the IAM work stoppage. The segment incurred an operating loss of $4.02 billion, indicating a deterioration from the year-ago quarter’s reported operating loss of $0.68 billion. This was due to pre-tax charges of $3 billion from the 777X and 767 programs as well as higher period expenses. \nDuring the quarter under review, Boeing delivered 116 commercial planes. The figure rose 10% year over year.\nThe backlog for this segment remained healthy, with more than 5,400 airplanes valued at $428 billion.\nBoeing Defense, Space & Security (“BDS”): The segment recorded revenues of $5.54 billion, indicating a year-over-year rise of 1%. It incurred an operating loss of $2.38 billion, implying a deterioration from the year-ago quarter’s operating loss of $0.92 billion. This deterioration was due to pre-tax charges of $2 billion from the T-7A, KC-46A Tanker, Commercial Crew, and MQ-25 programs. \nBDS recorded a backlog of $62 billion, 28% of which comprised orders from international clients.\nGlobal Services: Revenues in this segment improved 2% year over year to $4.90 billion, driven by higher commercial volume. This unit generated an operating income of $834 million, which improved from $784 million in the prior-year quarter.\nFinancial Condition\nBoeing exited third-quarter 2024 with cash and cash equivalents of $9.96 billion, and short-term and other investments of $0.51 billion. At the end of 2023, the company had cash and cash equivalents of $12.69 billion, and short-term and other investments worth $3.27 billion.\nLong-term debt amounted to $53.18 billion, up from $47.10 billion recorded at the end of 2023.\nThe company’s operating cash outflow as of Sept. 30, 2024, was $8.63 billion against operating cash inflow of $2.58 billion as of Sept. 30, 2023.\nFree cash outflow totaled $10.21 billion at the end of third-quarter 2024 against free cash inflow of $1.48 billion at the end of third-quarter 2023.\nHow Have Estimates Been Moving Since Then?\nIn the past month, investors have witnessed a downward trend in estimates review.\nThe consensus estimate has shifted -11.86% due to these changes.\nVGM Scores\nCurrently, Boeing has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.\nOverall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Boeing has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Boeing Company (BA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485292880"}