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Boeing Company Earnings Preview For 1QFY15

|Includes: BP p.l.c. (BP)

The defense company is expected to announce higher earnings than the previous quarter.

Boeing Company has decided to announce the financial earnings report for the first quarter of 2015 on 22nd April. This announcement will be made through a conference call made by the company official before the market opens for the day. The company is expected to have experienced minimum loss in the quarter as it is one of the most dominant security companies of the United States. The firm has raised expectations of the analysts by being a really strong competitor in the defense business. Therefore, great results are expected to come out of the first quarter's report.

Due to the low oil prices, an increased demand of air travelling was observed. Also, cargo travelling was more preferred than other ways of transport which increased the usage of planes.

Analysts, on the other hand, predict that Boeing will be witnessing an increase in the sales revenue for the upcoming quarter by a massive 10.4% while the earnings will be seeing a growth of 4%. The earnings per share that are expected by analysts have come around at $1.86 whereas the revenue for the first quarter has been predicted to be $22.59 billion. The EPS by the Street analyst was previously fixed at $1.88 but after a little while it was lessened down to $1.86.

As for the earnings of Boeing Company, the firm has always exceeded the expectations and predictions of the analysts at the Street, at least for the previous four quarters.

According to the average ratings of the analysts covering the stock of Boeing Co, around eleven analysts have forecasted that the defense and security company will be reported earnings per share of $1.81. If the previous year's same quarter is taken into consideration, it will be seen that the EPS came around $1.76 in the past year.

Out of all the analysts, 12 have given the Boeing's stock a 'strong buy' rating whereas on 5 have presented the company with a 'hold' rating. Moreover, one sell side firm has granted a 'sell' rating to the shares of the security firm.

Currently, the company is trading on with a share price of $157.67 with a market cap value of $104.23 billion.