Boeing (BA) is set to report Q4 results tomorrow before the open with a call to follow at 10:30am ET.
The CapitalIQ consensus estimate for Q4 core EPS (non-GAAP) is a $(1.63) loss and for revenue it's $15.36 bln, a 14% yr/yr decline, but a 9% sequential improvement.
As of now, analysts are expecting Boeing to become profitable again in Q2.
Historically, BA has guided on an annual basis. However, BA has suspended guidance.
Want to focus on the news around the FAA rescinding its order that halted commercial operations of Boeing's 737 MAX
Europe is likely to lift the ban in the near future as well.
Analysts expect BA to return to profitability in 2Q21. The focus will be on this.
TECHS:
What investors really want is a glimmer of hope that there is a light at the end of the tunnel.
Keep an eye on Boeing suppliers, including RTX, GE, SPR, ARNC, ATI, TDG, TGI, WWD.
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