With Boeing stock (BA) taking many losses recently in the stock market, can it find it’s way to get the share prices up again?
The aerospace giant has plummeted 8 percent in the past two trading days, pushing the stock into a correction. It is now down more than 10 percent from its 52-week highs.
Looking ahead, Boeing’s fourth quarter revenues are expected to pop 6.3% to hit $26.96 billion.
Plus, the company’s full-year revenues are projected to jump nearly 7% to reach $99.85 billion. Peeking ahead even further, the company’s 2019 revenues are projected to pop 6.25% above our fiscal 2018 estimate.
At the bottom end of the income statement, Boeing’s adjusted Q4 earnings are expected to slip by 6%. Yet, investors should be very pleased to see that the company’s fiscal 2018 earnings are projected to surge 25%. And Boeing’s following fiscal year earnings are expected to climb 20% above our current year projection.