Boeing's (BA) upcoming earnings report is expected to show a significant loss due to various factors such as the 737 Max production halt and the ongoing strike at its factory in Everett, Washington. Here's a detailed analysis:
- Net Income and Revenue: Boeing's net income for the 2024 Q3 is projected to be -$9.97 billion, which is a substantial loss compared to the previous year. The total revenue for the same quarter is estimated at $17.8 billion12.
- Diluted EPS: The diluted EPS for the 2024 Q3 is expected to be -$2.33, indicating a significant decrease from the previous year3.
BA Total Revenue, Net Income
- Growth Rates: The net income growth rate is -865.77%, the revenue growth rate is -14.61%, and the diluted EPS growth rate is -316.07%4. These negative growth rates reflect the severe decline in the company's financial performance.
BA Net Income YoY, Total Revenue YoY...
- Strategic Changes: Boeing has announced strategic changes, including a 10% staff cut and delays in the production of certain aircraft models. These changes are likely to have a negative impact on the company's short-term performance15.
- Strike Impact: The ongoing strike at the factory in Everett, Washington, is likely to further disrupt operations and increase costs, leading to additional losses15.
- Analyst Projections: Analysts have projected a loss of $9.9 billion for the 2024 Q3, which is in line with the company's preannounced loss1.
In conclusion, Boeing's upcoming earnings report is expected to show a significant loss due to a combination of factors such as the 737 Max production halt, ongoing strike, and strategic changes. These challenges are likely to result in a substantial decline in the company's financial performance.
10/19/2024 04:27am
