Boeing (BA) Stock Slides Ahead of Q2 Earnings Report
NEW YORK (TheStreet) -- Shares of Boeing (BA) - Get Report are down 0.32% to $133.04 this afternoon as the company prepares to report 2016 second quarter earnings on Wednesday before the market open.
Analysts are looking for earnings of $2.22 on revenue of $24.04 billion for the Seattle-based aerospace company.
For the 2015 second quarter, the company reported earnings of $1.62 and revenue of $24.54 billion.
Boeing's recent proposed deal to sell 80 planes worth $17.6 billion to Iran Air has come under scrutiny after the U.S. Congress passed a motion to block licenses to export passenger aircraft and parts to Iran. The Iran Civil Aviation Organization insisted that the deal can still go ahead despite opposition, Forbes reports.
Malaysia Airlines is expected to place a smaller order than Iran's with the company as early as Wednesday, Reuters reports. The deal could be worth up to $5.35 billion, half the size of a similar $11.3 billion deal VietJet placed with Boeing in May.
Also, Boeing forecasted this morning that nearly 1.5 million technicians and pilots will be needed in the airline industry by 2035.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: BA