Your question: Is Boeing in financial trouble?

Boeing reported a first-quarter loss of $561 million on revenue of $15.2 billion, results largely in line with market expectations, though the jet maker burned through cash at a higher than expected rate of $41 million per day. Over the past six quarters, Boeing has reported cumulative net losses of $13.4 billion.

How is Boeing doing financially?

The plane manufacturer reported a net loss of $561 million for the first three months of 2021 on revenue of $15.2 billion, 10% lower than last year but slightly ahead of analysts’ estimates. Boeing reported a $318 million pretax charge related to issues with a supplier for the modified 747 planes used as Air Force One.

Is Boeing still losing money?

In its first-quarter 2021 earnings, the aerospace manufacturer revealed a net loss of $561 million or $0.92 per share, its sixth consecutive quarterly loss. Boeing’s loss from operations was $83 million, its operating margin was -0.5%, and its operating cash flow was negative $3.4 billion.

Can Boeing recover?

Boeing carries high risk, due to its 737 MAX problems, the Covid-19 demand shock, and $50 billion of debt added since 2018. Nonetheless, we see a full demand recovery in 2023, which will likely result in material upside for the shares, given that many sell-side estimates imply that demand will never fully recover.

How high will Boeing stock go?

Stock Price Forecast

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The 21 analysts offering 12-month price forecasts for Boeing Co have a median target of 270.00, with a high estimate of 306.00 and a low estimate of 169.70. The median estimate represents a +36.02% increase from the last price of 198.50.

Is Boeing doing well?

At last week’s Q2 earnings call, Boeing reported its first profit since early March 2019, marking an important psychological milestone for one of the world’s largest manufacturers. The aviation stalwart reported a surprise earnings per share of $0.40, up from a loss of $4.79 per share in Q2 of last year.

Is Boeing making 787?

Boeing did manage to deliver one 787 last month, the first handover of that jet in more than five weeks. However, that plane was an exception. … From last fall, 787 deliveries were stopped until March, when Boeing developed its inspection and repair protocol and the FAA gave its initial approval to resume deliveries.

What are analysts saying about Boeing?

BA – The Boeing Company

Earnings Estimate Current Qtr. (Dec 2021) Current Year (2021)
No. of Analysts 8 9
Avg. Estimate -0.18 -1.97
Low Estimate -1.69 -3.39
High Estimate 0.55 -1.18