What To Expect From Boeing’s Q4 Earnings

Boeing (NYSE:BA) reported a pretty mixed earnings last time around. The company managed to beat on both the earnings and revenue estimates quite comfortably. Despite this, the company saw its share price dip by about 3% on sluggish growth at two of its main businesses – commercial aircraft, and the defense, space, and security business. That said, the company is poised for good growth in Q4 on a slew of orders it managed to secure over the last three months.

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• As mentioned above, the company managed to secure a number of notable orders in the quarter. Things really heated up at the Dubai airshow where Boeing managed to secure close to $47 billion in orders from a variety of airlines. While the company ended up with less orders in comparison to Airbus, it managed to receive a better mix in orders, which benefited a lot of its underperforming programs. Over the three months, the company received about 488 orders, up a mammoth 617% from Q4 2016.

• Additionally, in Q4, the company’s deliveries showed a massive improvement of about 13% year over year in commercial shipments.  In general, increased demand for the 737 and 767 jets primarily drove improvement at commercial. Further, the company also managed to increase defense shipments by a notable 7%. It managed close to 43 deliveries in the quarter in comparison to 40 deliveries in the same period last year.

• In the quarter, Boeing’s management revealed that they are in talks with Embraer over a possible joint venture. However, since, many developments have taken place. We expect to gain more clarity  on this in the upcoming earnings call.

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