Boeing's Quarterly Earnings Preview: What You Need to Know

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Boeing's Quarterly Earnings Preview: What You Need to Know

With a market cap. of around $152 billion, The Boeing Company (BA) is one of the world’s largest aerospace and defense contractors. It designs, manufactures, and services commercial jetliners, military aircraft, satellites, missile defense systems, and space exploration technologies for customers worldwide. 

The Arlington, Virginia-based company is expected to release its fiscal Q3 2026 results before the market opens on Tuesday, Oct. 27. Ahead of this event, analysts project FTV to report a core loss per share (adjusted) of $0.21, an improvement of 97.2% from a core loss per share (adjusted) of $7.47 in the year-ago quarter. It exceeded Wall Street's bottom-line estimates in one of the last four quarters while missing on three other occasions. 

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For fiscal 2026, analysts forecast the aerospace giant to post a core loss per share (adjusted) of $1.08, up 89.9% from a core loss per share (adjusted) of $10.64 in fiscal 2025. In addition, adjusted EPS is anticipated to surge 449.1% year-over-year to $3.77 in fiscal 2027.

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Over the past 52 weeks, Boeing shares have decreased 12.4%, underperforming the broader S&P 500 Index's ($SPX) 14.3% rise and the State Street Industrial Select Sector SPDR ETF's (XLI) 8.1% return over the same period. 

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Boeing shares rose 4.8% on Jul. 28 as Q2 2026 revenue increased 8% to $24.56 billion, beating the estimate, and commercial aircraft deliveries jumped 14% to 171 planes. Cash flow also improved sharply, with operating cash flow reaching $1.4 billion and free cash flow turning positive at $631 million, while total backlog hit a record $715 billion, including more than 6,200 commercial aircraft.

Boeing further strengthened its recovery outlook by booking 173 aircraft orders at Farnborough, completing 737 MAX 7/10 certification flight testing, and maintaining its $1 billion - $3 billion full-year free-cash-flow target despite the $280 million Air Force One charge.

Analysts' consensus view on BA stock is bullish, with a "Strong Buy" rating overall. Among 28 analysts covering the stock, 22 suggest a "Strong Buy," three give a "Moderate Buy," two recommend a "Hold," and one has a "Strong Sell." This configuration is more bullish than three months ago, with 20 analysts suggesting a "Strong Buy." 

The average analyst price target is $267.30, suggesting a potential upside of 40.8% from current levels.  


On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

 

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