The Boeing Company ($BA) Stock Forecast: Down 2.9% Today

What is The Boeing Company?

Boeing (NYSE: BA) is a leading aerospace company recognized for its commercial airplanes, defense products, and space technologies. The stock had a bearish movement today.

Why is The Boeing Company going down?

BA stock is down 2.9% on Oct 23, 2024 14:55

• Boeing experienced a 1% year-over-year revenue decline in the third quarter, falling short of consensus estimates, which influenced the bearish movement.
• The adjusted loss per share saw a significant increase, below expectations, indicating financial difficulties for the company.
• Preliminary results revealing substantial loss and charges across its units likely sparked investor concerns, contributing to the bearish market trend.
• The underwhelming earnings report and uncertainties surrounding the company's transition under the new CEO Ortberg possibly exacerbated the negative investor sentiment towards Boeing today.

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Boeing Q3 Earnings: Revenue And Profit Decline, Cultural Challenges, CEO Ortberg Vows Transformation - Boeing ( NYSE:BA )

Boeing Co BA reported a 1% year-over-year revenue decline to $17.854 billion in the third quarter of 2024, missing the consensus of $17.931 billion. Adjusted loss per share expanded to $10.44 from $3.62 in the same quarter of 2023, missing the consensus of $10.34.

https://www.benzinga.com/news/earnings/24/10/41486950/boeing-q3-earnings-revenue-and-profit-decline-cultural-challenges-ceo-ortberg-vows-transformation

Boeing ( BA ) Reports Q3 Loss, Misses Revenue Estimates

Boeing (BA) delivered earnings and revenue surprises of -0.97% and 0.02%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2355559/boeing-ba-reports-q3-loss-misses-revenue-estimates

Boeing is set to report earnings for first time under CEO Ortberg. Here's what Wall Street expects to hear

Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.

https://www.cnbc.com/2024/10/23/boeing-ba-3q-2024-earnings.html

Boeing Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Boeing ( NYSE:BA )

The Boeing Company BA will release earnings results for its third quarter, before the opening bell on Wednesday, Oct. 23. Analysts expect the Arlington, Virginia-based company to report a quarterly loss at $10.52 per share, versus a year-ago loss of $10.48 per share.

https://www.benzinga.com/news/earnings/24/10/41480215/boeing-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-a

Starbucks, Tesla And 3 Stocks To Watch Heading Into Wednesday - Starbucks ( NASDAQ:SBUX )

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects AT&T Inc. T to report quarterly earnings at 57 cents per share on revenue of $30.44 billion before the opening bell, according to data from ...

https://www.benzinga.com/news/earnings/24/10/41479192/starbucks-tesla-and-3-stocks-to-watch-heading-into-wednesday

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The Boeing Company Price History

25.03.2024 - BA Stock was down 5.3%

• One of Boeing's major clients, Southwest Airlines, faced increased losses and anticipated airplane delays that could impact Boeing's future sales and revenue growth until 2025.
• The market sentiment was negative, influenced by disappointing tech earnings and caution ahead of upcoming economic data releases, leading to a lower opening for US stocks. This sentiment likely contributed to Boeing's stock decline.
• Analyst opinions on Boeing stock vary, with Citi expressing optimism despite adjusting profit targets to account for future challenges, while Goldman Sachs maintains a buy rating. This mixed outlook from analysts may have contributed to the volatility in Boeing's stock price.

24.04.2024 - BA Stock was down 5.6%

• Boeing saw a six-fold increase in employee concerns regarding product safety and quality, which likely raised doubts among investors about the company's future performance.
• Negative cash flow projections for 2024 and delivery delays, as mentioned by the CFO, contributed to the stock's decline.
• The ongoing discussion with NASA about the delayed crewed Starliner launch might have added uncertainty to Boeing's outlook, impacting investor sentiment.
• The tarnished reputation of Boeing due to past incidents and the general negative trend in the market could have further fueled the bearish movement of the stock.

25.03.2024 - BA Stock was down 5.9%

• Boeing shares fell around 2.9% following the release of their first-quarter financial results, indicating a bearish market sentiment.
• Investor optimism improved slightly as seen in the overall market sentiment, with the Fear and Greed index showing some improvement, although it remained in the "Fear" zone.
• The bearish movement in Boeing's stock could be attributed to concerns over their quarterly results and the potential long recovery route ahead, especially with ongoing issues such as Boeing's delivery delays and the need for a new CEO.
• The market may be reacting to the uncertainty surrounding Boeing's future strategic decisions, such as a potential buyout of supplier Spirit AeroSystems Holdings, Inc., as mentioned by a bullish analyst.

20.07.2024 - BA Stock was down 5.3%

• Boeing (BA) experienced a bearish movement due to safety concerns and structural issues with its 777X jetliners, leading to the grounding of the test fleet.
• The discovery of cracks in the structure of the 777X jetliner during test flights added to the company's ongoing challenges and mishaps.
• Mandatory inspections for Boeing 787 Dreamliners by the US Federal Aviation Administration (FAA) further contributed to the negative sentiment surrounding Boeing's stock.
• The combination of safety crises, structural problems, and regulatory scrutiny likely led to investor concerns and the bearish market movement for Boeing (BA) stock.

03.08.2024 - BA Stock was down 3.4%

• The potential strike by 32,000 Boeing workers looming as the contract expiration nears could have instilled uncertainty among investors, leading to a bearish sentiment.
• The investigation into the merger between Spirit Aerosystems Holdings, Inc. and Boeing might have raised concerns about potential disruptions or challenges in the integration process, impacting Boeing's stock negatively.
• The issues faced by Boeing's Starliner spacecraft, including thruster failures and helium leaks, leading to astronauts being stranded at the ISS, could have added to the negative sentiment surrounding the company's space ventures, contributing to the bearish movement.
• The expansion of Boeing's facility in Mississippi to support aerosystem demand, while positive in the long term, might not have been sufficient to offset the overall negative market sentiment surrounding the company today.

23.09.2024 - BA Stock was down 2.9%

• Boeing experienced a 1% year-over-year revenue decline in the third quarter, falling short of consensus estimates, which influenced the bearish movement.
• The adjusted loss per share saw a significant increase, below expectations, indicating financial difficulties for the company.
• Preliminary results revealing substantial loss and charges across its units likely sparked investor concerns, contributing to the bearish market trend.
• The underwhelming earnings report and uncertainties surrounding the company's transition under the new CEO Ortberg possibly exacerbated the negative investor sentiment towards Boeing today.

25.03.2024 - BA Stock was down 5.3%

• Boeing's stock experienced a bearish movement recently, potentially influenced by various factors:
• American Airlines CEO discussing the impact of Boeing's delivery delays, which could have raised concerns among investors about the company's operational efficiency and financial performance.
• Southwest Airlines warning about Boeing airplane delays affecting its growth, signaling potential revenue challenges for Boeing in the near future.
• Overall negative sentiment in the market, with tech earnings disappointments and caution ahead of key economic data releases, leading to a broader market decline that may have also impacted Boeing's stock price.
• The focus on defense stocks and concerns about overvaluation in the sector could have shifted investor attention away from aerospace companies like Boeing, contributing to the bearish movement in the stock.

23.06.2024 - BA Stock was up 5.0%

• Boeing's stock surged as the company announced winning contracts for additional 777-9 planes from Qatar Airways, indicating strong demand for its aircraft.
• Despite the positive news, concerns were raised as a Boeing executive admitted the company had failed commitments to suppliers, potentially impacting its supply chain and operations.
• The agreement with Antonov for military cooperation, including drone maintenance, could open up new revenue streams for Boeing in the defense sector.
• The frustration expressed by UAE's flydubai over Boeing delays in delivering B737 MAX aircraft may have raised concerns, but the overall market sentiment was uplifted by the positive contract wins and military cooperation agreements.

01.07.2024 - BA Stock was down 5.0%

• Boeing reported a quarterly loss of over $1.4 billion, adding to its total losses on the Starliner program, which reached $1.6 billion. This financial performance likely contributed to the bearish movement in the stock.
• The company's decision to appoint a new CEO might have also impacted investor sentiment, as the market assesses the potential impact of new leadership on Boeing's future strategies and performance.
• The shift in Boeing's hiring practices, focusing more on engineers from India rather than China, could be seen as a strategic move to diversify talent pools and reduce dependence on a single region, but it might have raised questions about the company's long-term plans and operational stability.

01.07.2024 - BA Stock was down 5.1%

• Boeing's second-quarter earnings miss and revenue decline of 15% year-over-year contributed to the bearish movement.
• The appointment of a new CEO, Robert "Kelly" Ortberg, an outsider to Boeing with a background in aerospace, raised concerns about the company's ability to rebound from operational problems.
• The reported hefty loss, coupled with ongoing issues such as the additional $125 million loss on the troubled Starliner spacecraft, further dampened investor confidence in Boeing's performance.
• Analysts raising price forecasts amidst these challenges may indicate a belief in the company's long-term potential, but the current operational struggles are overshadowing any positive outlook, leading to the bearish market movement.

02.07.2024 - BA Stock was down 7.3%

• The bearish movement in Boeing's stock today can be attributed to the ongoing issues with its Starliner spacecraft, including delays in its return from the International Space Station and projected losses of at least $125 million.
• The indefinite delay in the Starliner's return, coupled with the deepening financial troubles reported by Boeing, has likely raised concerns among investors about the company's space exploration ventures.
• Despite the promising future outlook for space stocks driven by projects like NASA's Artemis 2 Moon orbit, Boeing's specific setbacks with the Starliner have overshadowed the positive industry trends, impacting its stock performance negatively.
• Investors may be cautious about Boeing's ability to navigate the challenges in its space division and the overall impact on its financial health, leading to the bearish movement in the stock today.

02.07.2024 - BA Stock was down 5.1%

• The bearish movement in Boeing's stock today could be attributed to the ongoing uncertainty surrounding NASA's decision on whether to continue using Boeing's Starliner capsule to return astronauts to Earth, or switch to SpaceX.
• The delay in NASA's decision-making process and the continuous discussions around the reliability of Boeing's Starliner capsule might have contributed to the negative sentiment towards Boeing's stock.
• The bullish options activity on Boeing, with a significant percentage of investors opening trades with optimistic expectations, indicates a divergence in market sentiment and suggests that some investors still believe in the company's long-term potential.
• Boeing's renewed emphasis on its Seattle-area operations with the appointment of a new CEO might not have had an immediate positive impact on the stock price, as investors might be more focused on the company's space-related developments and contracts with NASA.