Earnings on Tap: Boeing
The aircraft maker is likely to see robust revenue growth as a result of higher production in the commercial airplane segment.
The aircraft maker is likely to see robust revenue growth as a result of higher production in the commercial airplane segment.
Aircraft manufacturer Boeing (BA) is due to report first-quarter earnings Wednesday before the market opens. Analysts expect the company to post earnings per share of $0.96, up from diluted earnings of $0.78 per share the same time last year.
Entry of new players such as
Bombardier (BBD.B), Comac, and others into the single-aisle arena is likely to heat up competition. However, Boeing's focus on innovation and its symbiotic relationship with key suppliers and customers will help the company garner high returns for years to come.
Over the short run, strong revenue growth will result from higher production in the commercial airplane segment, according to Morningstar analyst Neal Dihora. On the defense side of the business, however, the company faces significant uncertainty from the government, which might scale down military expenditures.
The stock has been relatively steady year to date, trading around Dihora's fair value estimate.
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