Boeing (BA, $210.74) posts a quarterly loss
Boeing posted a surprise fourth quarter loss. Nevertheless, the aircraft manufacturer announced its first positive free-cash flow in more than four years.
Boeing incurred an adjusted core loss of - $1.75 per share in the quarter, vs. the huge - $7.69 per share loss it reported a year ago, amidst a $3.5 billion charge linked to delays in production and delivery of its 787 widebody. However, it missed the Street consensus expectation of a 26 cents per share profit.
Revenues climbed +35% year-over-year to $19.98 billion, but was below analysts' expectations of $20.38 billion.
Free cash flow was $3.45 billion for the quarter and was positive for the full year for the first time since 2018.
The company delivered 480 planes last year, which is +41% higher than 2021 levels. It received orders for at least 774 new jets.
For the current financial year, Boeing reaffirmed its projection for operating cash flows range of $4.5 billion and $6.5 billion, with free cash flow of $3 billion to $5 billion.
Momentum Indicator for BA turns positive, indicating new upward trend
BA saw its Momentum Indicator move above the 0 level on May 26, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for BA just turned positive on May 15, 2023. Looking at past instances where BA's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
BA moved above its 50-day moving average on May 31, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BA advanced for three days, in of 288 cases, the price rose further within the following month. The odds of a continued upward trend are .
BA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where BA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BA entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (25.275). P/E Ratio (0.000) is within average values for comparable stocks, (308.850). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.837). BA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (1.743) is also within normal values, averaging (173.512).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of jetliners, aircraft and related products
Industry AerospaceDefense
BA and
Correlation & Price change
A.I.dvisor indicates that over the last year, BA has been closely correlated with SPR. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if BA jumps, then SPR could also see price increases.
