What's the outlook for BA's future earnings?

The outlook for Boeing's (BA) future earnings appears to be positive, with several factors indicating potential for growth and improvement:

1. **Resumption of 737 Max Deliveries**: Boeing is expected to resume deliveries of the 737 Max by December 2023, with flights potentially resuming by January 2024. This is a significant milestone, as the 737 Max has been grounded since March 2019 following two fatal crashes. The resumption of deliveries is likely to lead to increased production and deliveries, which can positively impact earnings.
2. **Strong Aircraft Orders**: Despite the challenges faced by Boeing, new aircraft orders have remained strong. In February 2024, Boeing delivered 32 planes from its Renton-built 737 family, including 31 of its 737 MAX jets. Additionally, the company booked 13 new gross orders for the 737 MAX in February 2024. The strong demand for aircraft is a positive indicator for future earnings.
3. **Production Volumes Expected to Improve**: Goldman Sachs analyst Noah Poponak has a positive outlook on Boeing, with a price forecast of $213 and a Buy rating. Poponak expects production volumes to continue improving throughout 2025, which is a positive sign for future earnings.
4. **Expected Increase in Revenues**: The market expects Boeing to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This is a positive indication that Boeing's future earnings could be on an upward trajectory.
5. **Analyst Ratings and Price Targets**: The average price target for Boeing over the next 12 months is $264.00, with a high forecast of $300.00 and a low forecast of $215.00. This suggests that analysts are optimistic about Boeing's future performance, which could translate into higher earnings.

In conclusion, the outlook for Boeing's future earnings is positive, with several factors indicating potential for growth and improvement. The resumption of 737 Max deliveries, strong aircraft orders, expected increase in revenues, and analyst ratings and price targets all point to a promising future for Boeing's earnings.