Turbulence (BA Earnings)
Boeing (BA) is set to report Q1 results tomorrow before the open (last quarter they released at 7:30am ET) with a call to follow at 10:30am ET.
The Capital IQ consensus estimate for Q1 core EPS (non-GAAP) is $2.59 and for revenue it's $22.22 bln.
BA guides only on an annual basis, not quarterly. In late January, BA guided to 2018 core EPS of $13.80-14.00.
BA has beaten consensus estimates for six quarters in a row, with double digit EPS beats each time but one.
TECHS:
BA has stagnated a bit thus far in 2018, having difficulty getting through the $360 area.
Keep an eye on Boeing suppliers, including ARNC, COL, GE, SPR, TDG, TGI and UTX.