Boeing Stock (NYSE:BA)
On Monday, analysts at Credit Suisse reduced their earnings expectations for Boeing (NYSE:BA). Despite these revisions, the analysts maintained their Neutral rating on Boeing stock.
They anticipate that Boeing stock will finish this year with a loss per share of $2.00, a significant increase from the previous prediction for a loss per share of $1.71. On the other hand, they increased their projections for earnings per share in 2024 to $3.92 from $3.58, and they increased their projections for 2025 to $9.32 from $9.20.
Boeing’s earnings are expected to rise due to increased deliveries of aircraft models, including the 737 Max and the 787 Dreamliner. According to a story published by Bloomberg News last week, the company’s objective is to expand deliveries of its best-selling 737 Max to 38 a month by the summer of this year, which is sooner than was originally projected.
Credit Suisse says, “Arguably the better reason to be tactically bullish is to catch the momentum we expect into the Paris Air Show,” which refers to the aviation show that will be held this year from June 19-25. This year’s event will take place from June 19-25. “We believe that the combination of improving production and delivery rates with what we anticipate will be a strong showing for orders at Paris could enhance investor confidence in Boeing’s path from here on out.”
Even if the financial institution is “tactically positive” on Boeing shares, the company’s present valuation multiples are a primary factor in Credit Suisse’s decision to maintain its Neutral rating on the company’s stock. Credit Suisse increased its price objective for Boeing from $200 to $220 per share, based on an enterprise value-to-free cash flow multiple of 15.5 times for projected results in 2025. Previously, Credit Suisse had set its price goal for Boeing at $200 per share.
On April 26th, Boeing will release its quarterly results. According to estimates provided by Credit Suisse, Boeing is expected to report a loss per share of $1.38. This compares to the average expectation of Wall Street for a loss per share of $0.85.
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Author Shariq Khan 
