Before Wednesday's opening bell, analysts surveyed by FactSet are looking for the Chicago-based company to report adjusted earnings of $2.61 per share on revenue of $23.60 billion.
During the same quarter last year, Boeing reported adjusted earnings of $2.52 per share on revenue of $25.85 billon.
Barclays said recently that a "sloppy, risky third quarter may lay ahead" for the U.S. aerospace and defense industry.
The firm argued that the majority of people are bearish on both the aerospace segment and "'the cycle' in broadly defined terms" due to "record high" short interest in many companies.
"The downside for some outlooks is widely anticipated," Barclays added, citing Boeing as an example.
The firm has an "overweight" rating and $150 price target on Boeing shares.
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 "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.
You can view the full analysis from the report here: BA