Here’s What To Expect From Boeing’s Q2

Boeing (NYSE: BA) will report its Q2 2023 results on Wednesday, July 26. We expect the company’s revenues to come in at $18.2 billion, slightly below the consensus estimate of $18.3 billion. This would mark year-over-year growth of about 9%. We expect the company to post a loss of $0.94 per share on an adjusted basis, slightly below the consensus estimate of $0.89 loss per share. See our interactive dashboard analysis on Boeing Earnings Preview for more details on how the company’s revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive Boeing’s
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The company will likely continue to benefit from the robust travel demand. As airlines see their profits rise, more orders are being placed for new aircraft. Boeing has been working on increasing its production and deliveries, which struggled over recent years partly due to supply chain issues. Looking at Q1 2023, Boeing’s revenues were up 28%, led by a 37% rise in total deliveries of 130 commercial airplanes compared to 95 in the prior-year quarter. The company’s Defense, Space, & Security segment also saw a good 19% sales growth in Q1, with contracts awarded from the U.S. Army and the U.S. Air Force.