January 30, 2018 / 8:03 PM / 2 years ago

BUZZ-PREVIEW: Boeing shares dip ahead of Q4 results

** Boeing shares down 1.0 pct in late Tues trade ahead of the co’s qtrly report expected before the bell Weds

** Consensus Q4 analyst estimates call for co to report $24.69 bln rev, up 6 pct yr/yr, and $2.89 adj EPS, up 17 pct yr/yr, according to Thomson Reuters data

** The stock has fallen this week. A U.S. trade commission late Fri handed a victory to Bombardier Inc against Boeing, in a ruling that allows the Canadian co to sell its newest jets to U.S. airlines without heavy duties

** “Although the decision is a negative development for Boeing, in the broader picture we don’t see it as that significant,” Vertical Research Partners analyst Robert Stallard wrote in a recent note

** Adding “Boeing’s stock has continued to do well this year, supported by better than expected 2017 order in-take, the anticipated EPS and cashflow upside from U.S. tax reform, and probably ETF flows”

** YTD, BA up about 14 pct and is the top performer in the DJ Industrial Avg. DJI up about 5.6 pct so far this year

** Boeing EPS has beaten estimates in 7 of the last 8 qtrly reporting periods, while rev surpassed expectations in 4, roughly matched in 2, and missed in 2

** Analyst opinion skewed bullish (14 “buy” or stronger ratings, 11 “hold” and no “sells”). Median PT $353.50, up from $294 in late Oct

** Options activity implies a 4.7 pct move in BA shares by the end of the week, compared with an average move of 4.4 pct on the day of earnings over past 8 qtrs, according to Trade Alert (Reporting by Caroline Valetkevitch)

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