The Boeing Company (NYSE:BA) Q4 Earnings Preview

The Boeing Company (NYSE:BA) Q4 Earnings Preview

The Boeing Company (NYSE:BA) Q4 Earnings Preview

On Wednesday, January 29, Boeing (NYSE: BA) will release its latest earnings report. Decipher the announcement with Benzinga’s help.

Earnings and Revenue

Wall Street analysts see Boeing reporting earnings of $1.39 per share on revenue of $21.06 billion.

n the same quarter last year, Boeing posted EPS of $5.48 on sales of $28.34 billion. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be down 74.64%. Revenue would be down 25.69% from the same quarter last year. In comparison to analyst estimates in the past, here’s how the company’s reported EPS stacks up:

QuarterQ3 2019Q2 2019Q1 2019Q4 2018
EPS Estimate2.0801.8703.3304.58
EPS Actual1.4502.9203.1605.48

Stock Performance

Over the last 52-week period, shares are down 13.07%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Over the past 90 days, analysts have generally adjusted their estimates lower for EPS and revenues. Analysts have been rating Boeing stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don’t be surprised to see the stock move on comments made during its conference call. Boeing is scheduled to hold the call at 10:30 a.m. ET and can be accessed here.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 342.64.

The projected upper bound is: 331.07.

The projected lower bound is: 300.21.

The projected closing price is: 315.64.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 62.4026. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.78. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -68. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 5 period(s) ago.

Rex Takasugi – TD Profile

BOEING CO closed down -0.040 at 316.560. Volume was 20% below average (neutral) and Bollinger Bands were 20% narrower than normal.

Open     High      Low     Close     Volume___
318.090 319.110 314.000 316.560 841,787
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 321.47 341.33 354.76
Volatility: 35 29 33
Volume: 1,760,136 1,201,953 918,068

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

BOEING CO is currently 10.8% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of BA.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BA.N and have had this outlook for the last 29 periods.

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