The Boeing Co (NYSE:BA) shares are in the spotlight ahead of earnings on Tuesday. Here’s what you need to know.
Check out Boeing’s current stock price here.
What To Know: Analysts estimate a loss of 94 cents per share and revenue of $20.20 billion. In the first quarter, the company reported revenue of $19.50 billion, topping the $19.43 billion estimate, and posted a loss of 49 cents per share, beating expectations for a loss of $1.27.
Boeing has a mixed track record when it comes to beating revenue and earnings expectations.
Analyst Changes: Ahead of the earnings report, multiple analysts have issued price target adjustments.
- Morgan Stanley analyst Kristine Liwag maintained an Equal-Weight rating on Boeing and raised the price target from $200 to $235.
- JPMorgan analyst Seth Seifman maintained an Overweight rating on Boeing and raised the price target from $200 to $230.
- Citigroup analyst Jason Gursky maintained a Buy rating on Boeing and raised the price target from $220 to $270.
- Susquehanna analyst Charles Minervino maintained a Positive rating on Boeing and raised the price target from $252 to $265.
The consensus price target for Boeing is $221.71, with the lowest price target at $140 and the highest price target at $275.
BA Price Action: At the time of writing, Boeing stock is trading 1.39% higher at $236.41, according to data from Benzinga Pro.
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