Boeing Near Buy Point Ahead Of Earnings But Trade War, Tanker Loom

Boeing (BA) will report earnings Wednesday amid concerns about the U.S.-China trade war, government shutdown and a troublesome Air Force contract. Still, Boeing stock is near a buy point.

Economic Worries Loom Over Boeing Stock

Before the market opens Wednesday, Boeing earnings are seen falling 5.6% to $4.53 per share but revenue is expected to rise 6% to $26.9 billion, according to Zacks analysts.

Q4 earnings may be pressured by additional defense expenses, after winning a string of Pentagon contracts last year, said Edward Jones analyst Jeff Windau.

On the commercial side, the current upcycle in jet demand, supported by strong airline profits and air traffic growth, should continue.

But trade tensions between the U.S. and China, a key Boeing market, have rattled Boeing stock in recent months. Also, the ongoing government shutdown has raised some concerns about its impact on the aviation industry. more

leave a reply