Boeing 4Q17 earnings

Boeing (BA), the world’s largest aerospace company, will announce its 4Q17 financial results on January 31, 2018. The company will discuss the results of its operations with investors and Wall Street analysts at 10:30 AM EST on the same day.

How Boeing Stock Has Delivered ahead of Its 4Q17 Earnings

Boeing—the shining star in the US industrial sector

In November 2017, Boeing replaced General Electric (GE) as the largest industrial manufacturer when its market cap surged past GE’s. On January 24, 2018, BA had a market cap of $199.3 billion, whereas GE had a market cap of $142.8 billion. BA was the leader in terms of stock price gains in the Dow Jones Industrial Average in 2017.

Boeing raised its cash flows and earnings guidance for 2017 on its 3Q17 earnings conference call. Operating margin improvements in the company’s major segments have helped its bottom line growth. A slew of cost-cutting measures it undertook in 2017 will most likely increase its net earnings in 2017.

In the last year, BA stock has returned a whopping 108.5%. The rally has continued in 2018 as well, with the company delivering a year-to-date return of 13.5% as of January 24, 2018. Let’s compare Boeing’s returns with those of its peers in the last year.

  • General Electric : -45.2%
  • Lockheed Martin (LMT): 30.7%
  • General Dynamics (GD): 7%
  • Raytheon Company (RTN): 33.6%
  • Northrop Grumman (NOC): 34.8%
  • United Technologies (UTX): 21.6%

The SPDR S&P 500 ETF (SPY) which includes large-cap stocks, returned ~25% in the same timeframe. Boeing makes up 0.78% of SPY’s portfolio holdings.

Why read this series?

In this short 4Q17 pre-earnings series, we’ll look at analysts’ estimates for Boeing’s revenue, margins, and earnings. In the end, we’ll consider analysts’ recommendations for the stock and its peer group.

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