Boeing Hammers EPS Estimate (BA)
Aircraft maker Boeing Co. (NYSE: BA) absolutely crushed the consensus estimate for quarterly EPS this morning, reporting EPS of $1.84 versus estimates of $1.01. Revenue for the quarter totaled $19.6 billion compared with a consensus estimate of $19.37 billion. For…
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Aircraft maker Boeing Co. (NYSE: BA) absolutely crushed the consensus estimate for quarterly EPS this morning, reporting EPS of $1.84 versus estimates of $1.01. Revenue for the quarter totaled $19.6 billion compared with a consensus estimate of $19.37 billion.
For the full year, Boeing posted EPS of $5.34 on revenue of $68.7 billion. Analysts had been expecting EPS of $4.49 on revenue of $68.58 billion.
Here’s Boeing’s outlook for 2012:
- EPS guidance of between $4.05 and $4.25 reflects strong operating performance offset by $0.83 of higher pension expense
- Revenue guidance established at between $78 and $80 billion
- Operating cash flow guidance set at greater than $5.0 billion includes $1.5 billion of discretionary pension contributions
Operating margins improved in 2011, especially in the military and space division. Margins in the commercial division rose from 9.4% in 2010 to 9.7%. In the military group, margins rose from 9.0% in 2010 to 9.9% in 2011.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
