Published on 19 Apr 2024 on Zacks via Yahoo Finance
Will Solid Service Revenues Aid Boeing (BA) in Q1 Earnings?
The Boeing Company BA is set to release first-quarter 2024 results on Apr 24, before the opening bell.In the last reported quarter, the company incurred a loss of 47 cents per share, which came in narrower than the Zacks Consensus Estimate of a loss of 72 cents. Solid service revenues are likely to have boosted Boeing’s first-quarter earnings amid the adverse impacts of unfavorable commercial and defense deliveries.
Dismal Deliveries Likely to Hurt Results
Boeing’s first-quarter deliveries reflect a 36.2% decline in commercial shipments from the year-ago quarter’s reported figure. Also, defense shipments deteriorated 66.7% year over year.