Boeing Co. (BA) , right before the market opened on Wednesday, October 21, showed off its earnings numbers for the three months through September. Earnings for the quarter came in at $2.52 per share. The firm showed sales totaling $25.80B for the three months.
In the run up to the release of today’s results, analysts following the firm were looking for earnings per share of $2.22 per share from Boeing Co. for the quarter. Sales for the period were forecast to come in at $24.74B by consensus.
Boeing Co. results by comparison
The same three months of 2014 saw Boeing Co. earn $2.52 per share on sales that came to $25.85B. In the last twelve months shares in the firm have gained 11.58% of their value. In the three months leading into the release of these results the firm lost 4.61% 0f their value.
Boeing Company, , together with its subsidiaries, is an aerospace company. The Company operates through five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense, Space & Security (BDS) business includes BMA, N&SS and GS&S. The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research, development, production and modification of the products and related services.
Analysts look at Boeing Co.
Boeing Co. is expected to make a profit of $0.62 per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at B22.81$.
In the last full fiscal year Boeing Co. made $0.92 per share. Sales came in at $23.91B.
Of the 19 analysts covering the firm for Wall Street, 8 analysts said that clients should Buy shares in the firm, 3 analysts rated the shares at Overweight, while 7 analysts said that holding the shares was the best option going forward.
None of the analysts said that clients should keep the shares Underweight in their portfolios, while 1 analyst said that their best idea was to Sell the shares ahead of the release of this earnings report.
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