Earnings Preview: Boeing

Apr.24.12 | About: The Boeing (BA)

Boeing (NYSE:BA) is expected to report Q1 earnings on Wednesday, April 25 before the market open with a conference call scheduled for 10:30 am ET.

Guidance

Analysts are looking for EPS of 93c on revenue of $18.37B. The consensus range is 74c-$1.10 for EPS, and $16.87B-$19.56B for revenue, according to First Call. The company reported positive results in Q4, beating EPS and revenue estimates. On its Q4 report, Boeing forecast FY12 EPS of $4.05-$4.25 and revenue of $78B-$80. Consensus was for $4.96/$78.55B. It expected FY12 passenger growth rates in-line with historical trends, and said growth in cargo traffic would trend below the historical average, although improvement in 2H12 was likely. Q1 EPS and cash flow was forecast to be the lowest of the year. Since Q4 results were released, Boeing's shares have traded in a very narrow range, moving less than five points to the upside or downside. Questions surrounding defense budget cuts in FY12 and beyond could have an impact on the shares over time. However, shares of Boeing have rallied about 17% since late November.