Boeing's Revenue Expectations and Competitive Analysis

Boeing (NYSE:BA) will release its earnings report before the market closes on Wednesday. Analysts expect the company to exceed revenue expectations by 5.3%, generating $22.75 billion in revenue. This figure represents a 34.9% year-over-year increase. However, this quarter has been slower for the company; there has been a significant loss in analysts' adjusted operating income and EBITDA forecasts.

For this quarter, analysts expect Boeing's revenue to reach $21.9 billion, reflecting a year-over-year increase of 22.8%. Additionally, an adjusted loss of -$2.38 per share is anticipated. Analysts who have followed the company over the last 30 days have generally reaffirmed their forecasts as the revenue reports approach. Boeing has exceeded Wall Street's revenue estimates five times in the past two years.

Among other competitors in the aerospace sector, some have already reported Q3 results. AAR achieved an 11.8% increase in revenue compared to last year, surpassing analysts' estimates by 7.4%. Textron increased its revenues by 5.1% but fell short of estimates by 1.9%. Following the results, AAR gained 4.2% in value, while Textron lost 1.7%.

There is a positive sentiment among investors in the aerospace sector. In the past month, stocks have gained an average of 3.8%, with Boeing rising by 2.8%. The average analyst price target per share is set at $253.86, while the current stock price is at $223.12.

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