Boeing (BA) is set to report Q4 results before the open tomorrow. The conference call is scheduled for 10:30am ET. 

Capital IQ Consensus estimates are Q4 EPS of $2.88 vs. $2.47 4Q16 and revs of $24.78 bln vs. $23.29 bln in 4Q16. 

Following an extremely strong 2017 BA shares (up ~90 %) continued to outperform in the first month of 2018. Boeing opened the new year trading at ~$295 and it now trades in the ~$340 area, up over 15% YTD. 

Last quarter the co raised guidance for both EPS and operating cash flow, while initiating segment revenue and operating margin guidance.

Highlights from Last Quarter:

Reported Q3 (Sep) earnings of $2.72 per share, $0.06 better than the Capital IQ Consensus of $2.66; revenues rose 1.7% year/year to $24.31 bln vs the $24.09 bln Capital IQ Consensus.

Strong operating cash flow of $3.4 billion; repurchased 11 million shares for $2.5 billion

ANALYSTS:

• Target raised to $433 from $380 at Robert W. Baird (01/16/2018)
• Target raised to $375 from $310 at Credit Suisse (01/12/2018)
• Baird 2018 Aerospace & Defense Outlook: Cold War 2.0 and aero-cycle ramp, staying long the group 

TECHS: