Boeing (NYSE: BA ) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Boeing met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted.
Margins shrank across the board.
Boeing notched revenue of $20.01 billion. The 22 analysts polled by S&P Capital IQ predicted revenue of $20.00 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $17.73 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.35. The 24 earnings estimates compiled by S&P Capital IQ predicted $1.12 per share. GAAP EPS of $1.35 for Q3 were 8.2% lower than the prior-year quarter's $1.47 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.1%, 290 basis points worse than the prior-year quarter. Operating margin was 7.2%, 220 basis points worse than the prior-year quarter. Net margin was 5.2%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $21.96 billion. On the bottom line, the average EPS estimate is $1.13.
Next year's average estimate for revenue is $81.21 billion. The average EPS estimate is $4.74.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,899 members out of 4,284 rating the stock outperform, and 385 members rating it underperform. Among 939 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 872 give Boeing a green thumbs-up, and 67 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boeing is outperform, with an average price target of $87.34.
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