Boeing Co. reported a first quarter loss wider than expected. This is the aircraft maker’s sixth quarterly loss in a row, as the coronavirus pandemic continues to weigh on global aircraft demand.
Boeing’s adjusted core loss for the three months ending in March came in at -$1.53 per share, steeper than analysts’ expectations of -$1.16. It had a profit of $1.70 per share in the year-ago quarter.
Revenue fell -10.6% year-over-year to $15.22 billion, but was higher than the $15.02 billion expected by analysts surveyed by Refinitiv.
Boeing has been facing challenges related to the pandemic’s impact on travel and the extended grounding of its 737 Max aircraft (following two fatal crashes killed 346 people). Regulators began lifting the grounding in November 2020.
The company reaffirmed its projection to increase production of the 737 Max to 31 a month in early 2022 and its estimate to deliver its first 777X wide-body jet in late 2023.
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 .
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.
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.
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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of jetliners, aircraft and related products
Industry AerospaceDefense
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.