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Boeing (BA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2023, Boeing (BA - Free Report) reported revenue of $17.92 billion, up 28.1% over the same period last year. EPS came in at -$1.27, compared to -$2.75 in the year-ago quarter.
The reported revenue represents a surprise of +3.25% over the Zacks Consensus Estimate of $17.36 billion. With the consensus EPS estimate being -$0.98, the EPS surprise was -29.59%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Deliveries - Total: 130 versus the four-analyst average estimate of 130.03.
Deliveries - Commercial Airplanes - 737: 113 versus 103.45 estimated by four analysts on average.
Deliveries - Commercial Airplanes - 787: 11 versus 15.5 estimated by four analysts on average.
Deliveries - Commercial Airplanes - 777: 4 versus 4.52 estimated by four analysts on average.
Deliveries - Commercial Airplanes - 767: 1 versus 5.81 estimated by four analysts on average.
Total revenues- Global Services: $4.72 billion versus the five-analyst average estimate of $4.50 billion. The reported number represents a year-over-year change of +9.4%.
Total revenues- Defense, Space & Security: $6.54 billion versus the five-analyst average estimate of $5.61 billion. The reported number represents a year-over-year change of +19.3%.
Total revenues- Commercial Airplanes: $6.70 billion compared to the $7.24 billion average estimate based on five analysts. The reported number represents a change of +61.1% year over year.
Total revenues- Unallocated items, eliminations and other: -$42 million compared to the -$39.11 million average estimate based on five analysts. The reported number represents a change of +223.1% year over year.
Earnings/(loss) from operations- Global Services: $847 million compared to the $681.68 million average estimate based on five analysts.
Earnings/(loss) from operations- Commercial Airplanes: -$615 million versus the five-analyst average estimate of -$526.72 million.
Earnings/(loss) from operations- Defense Space & Security: -$212 million versus the five-analyst average estimate of -$250.22 million.
Shares of Boeing have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Boeing (BA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, Boeing (BA - Free Report) reported revenue of $17.92 billion, up 28.1% over the same period last year. EPS came in at -$1.27, compared to -$2.75 in the year-ago quarter.
The reported revenue represents a surprise of +3.25% over the Zacks Consensus Estimate of $17.36 billion. With the consensus EPS estimate being -$0.98, the EPS surprise was -29.59%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Deliveries - Total: 130 versus the four-analyst average estimate of 130.03.
- Deliveries - Commercial Airplanes - 737: 113 versus 103.45 estimated by four analysts on average.
- Deliveries - Commercial Airplanes - 787: 11 versus 15.5 estimated by four analysts on average.
- Deliveries - Commercial Airplanes - 777: 4 versus 4.52 estimated by four analysts on average.
- Deliveries - Commercial Airplanes - 767: 1 versus 5.81 estimated by four analysts on average.
- Total revenues- Global Services: $4.72 billion versus the five-analyst average estimate of $4.50 billion. The reported number represents a year-over-year change of +9.4%.
- Total revenues- Defense, Space & Security: $6.54 billion versus the five-analyst average estimate of $5.61 billion. The reported number represents a year-over-year change of +19.3%.
- Total revenues- Commercial Airplanes: $6.70 billion compared to the $7.24 billion average estimate based on five analysts. The reported number represents a change of +61.1% year over year.
- Total revenues- Unallocated items, eliminations and other: -$42 million compared to the -$39.11 million average estimate based on five analysts. The reported number represents a change of +223.1% year over year.
- Earnings/(loss) from operations- Global Services: $847 million compared to the $681.68 million average estimate based on five analysts.
- Earnings/(loss) from operations- Commercial Airplanes: -$615 million versus the five-analyst average estimate of -$526.72 million.
- Earnings/(loss) from operations- Defense Space & Security: -$212 million versus the five-analyst average estimate of -$250.22 million.
View all Key Company Metrics for Boeing here>>>Shares of Boeing have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.