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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