Even though the jet manufacturer’s fourth-quarter sales increased at a faster rate, Boeing stock fell 0.5% in lunchtime trade on Tuesday. 69 commercial airplanes were delivered by Boeing (NYSE:BA) last month, bringing the year’s total to 480, an increase of 41% from 340 in 2021.
In comparison to the fourth quarter of the previous year, when 95 aircraft were delivered, 152 aircraft were delivered by the aviation company. 53 of its 737 Max aircraft, one 737-800A, ten 787s of various types, three 777s, and three other aircraft made up the total in December. A 777 was delivered to China Southern Airlines.
Because deliveries are tied to free cash flow, they are an important metric for Boeing (BA). After fixing problems with manufacturing and safety, the company started sending out its best-selling 787 planes again in 2017.
On Zacks.com, Boeing Stock Overview
One of the stocks that Zacks.com users have been looking at lately is Boeing (BA). As a result, you might want to take a closer look at some of the information that could influence the stock’s performance in the near future.
In contrast to the -0.9% move in the Zacks S&P 500 composite, shares of this aircraft manufacturer have returned +12% during the past month. Over this time, nothing has changed in the Boeing industry, which is part of the Zacks Aerospace and Defense sector. What could be the stock’s future direction, now that it is important to know?
While news reports or speculation regarding a significant shift in a company’s business prospects can send its stock “trending” and cause a quick price adjustment, there are always some basic facts that ultimately rule the buy-and-hold decision-making process.
In its most recent reported quarter, Boeing made $15.96 billion in sales, which is a 4.4% increase from the same time last year. The same period’s EPS of -$6.18 is down from -$0.60 from the prior year. The announced sales are a surprise of -8.85% compared to the Zacks Consensus Estimate of $17.5 billion. -61700% was the EPS surprise.
Featured Image: Unsplash © Jacob Mathers