Boeing (BA) is set to report Q1 results, with a consensus estimate for a non-GAAP EPS loss of $(1.05) and revenue growth of 26% YoY to $17.56 billion.
The Commercial Airplanes segment did well in Q4, with revenue increasing 94% YoY to $9.22 billion. Demand for the segment remains robust as airlines see traffic rebound.
However, BA warned about reducing 737 MAX deliveries due to a parts issue from one of its suppliers, Spirit AeroSystems. BA's path to recovery has taken longer than expected, but management seemed more upbeat on the Q4 call. The stock is up 60% since October, and investors are waiting for clarity on the parts issue.
TECHS:
Q1 consensus estimate for non-GAAP EPS loss of $(1.05) and revenue growth of 26% YoY to $17.56 billion
Commercial Airplanes segment revenue jumped 94% YoY to $9.22 billion in Q4
Demand for the segment remains robust as airlines see traffic rebound
BA warned about reducing 737 MAX deliveries due to a parts issue from Spirit AeroSystems
BA's path to recovery has taken longer than expected, but management seemed more upbeat on the Q4 call
The stock is up 60% since October, and investors are waiting for clarity on the parts issue
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