Zacks Research Has Bearish Estimate for Boeing Q1 Earnings

The Boeing Company (NYSE:BA - Free Report) - Zacks Research cut their Q1 2027 EPS estimates for shares of Boeing in a report released on Monday, July 14th. Zacks Research analyst R. Department now anticipates that the aircraft producer will post earnings per share of $1.36 for the quarter, down from their previous forecast of $1.61. The consensus estimate for Boeing's current full-year earnings is ($2.58) per share.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the firm earned ($1.13) EPS. The firm's quarterly revenue was up 17.7% compared to the same quarter last year.

BA has been the subject of several other research reports. Morgan Stanley upped their price target on shares of Boeing from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Thursday. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research report on Monday. Susquehanna reiterated a "positive" rating on shares of Boeing in a research note on Monday. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.55.

Boeing Trading Down 0.8%

Shares of NYSE:BA traded down $1.74 during trading on Wednesday, hitting $229.26. 2,152,839 shares of the company's stock were exchanged, compared to its average volume of 9,546,120. The firm has a market cap of $172.86 billion, a P/E ratio of -12.80 and a beta of 1.41. The firm has a 50-day moving average price of $209.57 and a two-hundred day moving average price of $184.37. Boeing has a 1-year low of $128.88 and a 1-year high of $233.61.

Insiders Place Their Bets

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last three months. 0.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $201,000. Bank Pictet & Cie Europe AG bought a new position in Boeing during the fourth quarter valued at approximately $7,837,000. Proficio Capital Partners LLC bought a new position in Boeing during the fourth quarter valued at approximately $293,000. Envestnet Portfolio Solutions Inc. grew its position in Boeing by 28.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,196 shares of the aircraft producer's stock valued at $4,283,000 after acquiring an additional 5,346 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Boeing by 3.8% during the fourth quarter. Harbour Investments Inc. now owns 6,558 shares of the aircraft producer's stock valued at $1,161,000 after purchasing an additional 238 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.