Boeing (BA) is set to report Q4 results tomorrow before the open (last quarter it released at 7:30am ET) with a call to follow at 10:30am ET.
The CapitalIQ consensus estimate for Q4 core EPS (non-GAAP) is a $(1.83) loss and for revenue it's $26.48 bln.
In April 2019, BA suspended guidance due to the uncertainty surrounding return to service of the 737 MAX fleet.
MAX Timetable will be front and center on the call.
Another area to watch is the dividend as there have been concerns BA will suspend or cut the dividend. The current yield is 2.6%, which is not insignificant.
Investors will not care much about the raw EPS/revenue numbers as a big loss is expected anyway. What investors really want to see is more well defined commentary about when the 737 MAX will get back in service.
TECHS:
Be sure to keep an eye on Boeing suppliers after the print:
ARNC, ATI, COL, GE, HAYN, SPR, TDG, TGI, UTX, WWD.
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