From Zacks Investment Research: 2025-01-03 06:14:25

Boeing (BA) has long been a leading manufacturer of commercial jetliners and defense products. However, analysts have lowered earnings expectations, giving the stock a Zacks Rank #5 (Strong Sell). The company’s stock has dropped 30% in the past year, underperforming the market. Quarterly results showed a decline in sales and cash generation. CEO Kelly Ortberg acknowledges challenges, but remains optimistic about Boeing’s future. Next quarterly release is expected to show a significant decrease in earnings and sales. Analysts’ negative earnings revisions suggest a tough road ahead for Boeing’s shares. For stronger stock options, consider Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) companies.



Read more at Zacks Investment Research: Bear of the Day: Boeing (BA) – January 3, 2025