Boeing (NYSE:BA) is expected to report Q2 earnings on Wednesday, July 25 before the market open with a conference call scheduled for 10:30 am ET.
Analysts are looking for EPS of $1.12 on revenue of $19.37B. The consensus range is 99c-$1.25 for EPS, and $18.7B-$20.19B for revenue, according to First Call. The company reported positive results in Q1, beating EPS and revenue estimates. On its Q1 report, Boeing forecast FY12 EPS of $4.14-$4.35, consensus $4.47, and revenue of $78B-$80B, consensus $79.08B. Management said passenger traffic remained resilient and cargo traffic was stabilizing. 787 deliveries were expected to be backloaded to the later part of 2012. At the company's Annual Investor Conference in May, CEO James McNerney said Boeing was on track to hit its 10-month production rate for the 787, despite the government's failure to provide a predictable business environment. Since Q1 results were released, Boeing's shares have traded in a choppy pattern, making a 52-week high of $77.83 in May, then falling 13% over the next month. They have since rebounded about 7%. Questions surrounding defense budget cuts in FY12 and beyond could have an impact on the shares over time.