Inside Boeing’s Upcoming Quarterly Earnings

S&P 500 (NYSE:SPY) component Boeing (NYSE:BA) will unveil its latest earnings, tomorrow, Wednesday, July 25, 2012. Boeing is an aerospace firm that designs, develops, manufactures, sells, and supports commercial jetliners, military aircraft, satellites, missile defense, and human space flight services.

Boeing Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.11 per share, a decline of 11.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.08. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 4.8% versus last year to $4.57.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 16 cents, reporting net income of $1.11 per share against a mean estimate of profit of 95 cents per share.

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A Look Back: In the first quarter, profit rose 57.5% to $923 million ($1.22 a share) from $586 million (78 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 30% to $19.38 billion from $14.91 billion.

Wall St. Revenue Expectations: Analysts are projecting a rise of 17% in revenue from the year-earlier quarter to $19.35 billion.

Stock Price Performance: Between May 22, 2012 and July 23, 2012, the stock price had risen $1.13 (1.57%), from $71.78 to $72.91. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 2, 2011, when shares rose for seven straight days, increasing 14.3% (+$8.94) over that span. It saw one of its worst periods between May 7, 2012 and May 18, 2012 when shares fell for 10 straight days, dropping 9% (-$6.81) over that span.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 31.2% in the third quarter of the last fiscal year and 19.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 6.2% in the second quarter of the last fiscal year, 4.5% in the third quarter of the last fiscal year and 18.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: With 19 analysts rating the stock a buy, one rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.21 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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