Someone remind me: What is it you're supposed to do in case of a crash landing? Duck and cover? Stop, drop, and roll?
Well, it doesn't matter. No steps you take today can make Boeing's
What analysts say:
- Buy, sell, or waffle? Of the 21 analysts keeping Boeing on their radar, 11 rate it a buy, eight more say "hold," and two think it's time to sell.
- Revenue. On average, they're looking for sales to slip 12% to $14.6 billion.
- Earnings. Profits are predicted to fall 31% to $0.98 per share.
What management says:
Whereas last quarter's news centered almost exclusively on Boeing's feud with Northrop Grumman
Ever since Sept. 6, 27,000 Boeing workers at plants in Washington, Oregon, and Kansas have manned the picket lines. An attempt at resolving the nearly two-month-old dispute was aborted last week.
What management does:
R ight now, according to press reports, management is realizing that Boeing could lose about $100 million in revenue every day the strike continues. And considering that margins have already begun to turn downward at Boeing, I don't see this development bringing any smiles to investors' faces tomorrow.
3/07 |
6/07 |
9/07 |
12/07 |
3/08 |
6/08 |
|
---|---|---|---|---|---|---|
Gross |
18.2% |
19.3% |
19.4% |
19.6% |
19.8% |
19.2% |
Operating |
6.4% |
7.7% |
8.0% |
8.4% |
9.1% |
8.7% |
Net |
3.8% |
5.6% |
6.1% |
6.1% |
6.6% |
6.3% |
All data courtesy of Capital IQ, a division of Standard & Poor's. Data reflects trailing-12-month performance for the quarters ended in the named months.
One Fool says:
Yet it's not all bad news at Boeing. It only feels like it. The company's C-17 military transport program got a new lease on life earlier this month. Good news for Boeing, and grand news for agnostic airplane-parts suppliers such as Honeywell
And even on the civilian side of things, the news isn't entirely bleak. Despite the ongoing strike, Boeing just booked an order from American Airlines
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