Should traders buy BA before Q1 2025 earnings?

**Traders should exercise caution and consider the following points before deciding to buy BA before its Q1 2025 earnings**:

1. **Expected Earnings**: The estimated EPS for BA in Q1 2025 is -$1.39, and the estimated revenue is $18.77 billion. This indicates that the company is expected to report a loss, which could negatively impact the stock price.

2. **Recent Performance and Analyst Sentiments**: Boeing's stock has recently surged by 6.71% to $172.41 due to optimistic remarks from CFO Brian West about increased production rates and cost-cutting strategies. However, analysts have raised their Q4 2025 earnings per share estimates to $0.65, up from $0.52, which suggests some optimism for the upcoming earnings report.
3. **Production Updates and Financial Outlook**: Boeing has increased its production rates for the 737 and maintained stable numbers for the 787. The company's production reached 89 units in the first two months of 2025, marking a 65% year-over-year increase. Despite this, the company does not anticipate achieving positive free cash flow this year.
4. **Institutional Activity**: Institutional investors have shown interest in Boeing, with several increasing their holdings in the company. This could be a sign of confidence in the company's long-term prospects.
5. **Market Conditions and Headwinds**: The aerospace sector faces unique headline risks due to aviation incidents involving older Boeing 737-800 models. Additionally, Boeing's financial health score is currently weak at 1.16, reflecting operational challenges. These factors could impact the stock price despite the company's recovery hopes.

In conclusion, while there are some positive developments and analyst sentiment is improving, the expected loss in Q1 2025 and the ongoing financial challenges could make the stock risky to buy before earnings. Traders should consider their risk tolerance and investment horizon before making a decision. It may be prudent to wait for the earnings report and its implications for the future before taking a position in BA.