Boeing Q3 Preview: Stock Down 26% From 52-Week Highs, Could Strong Backlog Kickstart Another Rally? - Boe

Boeing is set to report third-quarter results Tuesday as its stock sits 26% below its 52-week highs and down 13% year to date. Analysts expect revenue of $23.84 billion versus $23.27 billion last year, with Boeing having beaten revenue estimates in six straight quarters. For earnings, expectations call for a 21-cent per-share loss, after a $7.47 per-share loss in the prior-year quarter. While earnings results have been mixed, investors are watching military-contract momentum and Boeing’s backlog—record $715 billion in Q2 with more than 6,200 commercial airplanes—plus recent FAA certification for the 737-10 MAX.