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BA

Boeing

$346.06

-9.92 (-2.79%)

12:00
10/23/18
10/23
12:00
10/23/18
12:00

Fly Intel: What to watch in Boeing's earnings report

Boeing (BA) is scheduled to report results of its fiscal third quarter before the market opens on Wednesday, October 24, with a conference call scheduled for 10:30 am ET. What to watch for: 1. GUIDANCE: When Boeing reported its second quarter results on July 25, the company reaffirmed its FY18 core EPS view of $14.30-$14.50, against consensus estimates of $14.56 at that time, and also raised its FY18 revenue guidance to $97B-$99B from $96B-$98B, against analyst estimates of $98B at that time. 2. AIR CARGO TRAFFIC: On October 16, Boeing projected air cargo operators will need more than 2,600 freighters over the next two decades to keep up with increasing global freight traffic, which is expected to double with 4.2% growth annually. The 980 new medium and large freighters and 1,670 converted freighters will go toward replacing older airplanes and growing the global fleet to meet demand, according to the new World Air Cargo Forecast, released by Boeing at The International Air Cargo Association's Air Cargo Forum and Exhibition. "The air cargo market continues to be a major element of commercial aviation's growth story," said Darren Hulst, managing director of Market Analysis & Sales Support at Boeing Commercial Airplanes. "Our new forecast indicates strong long-term air cargo trends, which coincide with the market recovery that we have seen over the last few years across Europe, North America, and Asia." Some of the factors driving the growth in air cargo include a growing express market in China and the global rise of e-commerce, which is forecast to increase 20% annually to nearly $5T in 2021 according to Boeing's analysis. To meet growing market needs, Boeing also forecasts: The world freighter fleet will expand by more than 70%, from the current total of 1,870 to 3,260 airplanes; Boeing projects new production freighter deliveries valued at $280B; Demand for regional express services in fast-developing economies will boost the standard-body share of the freighter fleet from 37% today to 39%; 1,170 standard body and 500 medium wide-body passenger airplanes will be converted into freighters over the next two decades; Dedicated freighters, which provide unique capability that passenger belly-cargo cannot match, will continue to carry more than 50% of the world's air cargo demand. The majority will be in the large widebody freighter category, such as the 747-8 Freighter and 777 Freighters. 3. DISRUPTIVE COMPUTING AND NETWORKS: On October 17, Boeing announced a new Disruptive Computing and Networks, DC&N, organization to develop computing and communications solutions for advanced commercial and government aerospace applications. By leveraging core technologies in quantum communications and computing, neuromorphic processing and advanced sensing, the new organization will enable Boeing to develop breakthrough solutions in secure communications, artificial intelligence and complex system optimization. In addition to building internal capabilities, DC&N will also work closely with Boeing HorizonX, the company's innovation cell, to identify external partners for collaboration to accelerate growth. "Advanced computing and communications technologies are increasingly at the core of all aerospace innovation," said Greg Hyslop, Boeing's chief technology officer and senior vice president of Engineering, Test & Technology. "We're excited to stand up the Disruptive Computing and Networks organization because it will help us develop new businesses and partnerships in this rapidly-expanding field, delivering more value to our customers and helping further define our second century of aerospace leadership."

  • 24

    Oct

BA Boeing
$346.06

-9.92 (-2.79%)

10/23/18
JEFF
10/23/18
UPGRADE
Target $123
JEFF
Buy
Jefferies upgrades Kaiser Aluminum to Buy following recent selloff
Jefferies analyst Martin Englert upgraded Kaiser Aluminum (KALU) to Buy from Hold and raised his price target for the shares to $123 from $122. The company's "challenging" Q3 was "somewhat misconstrued" given likely transitory cost headwinds, none of which appear structural, Englert tells investors in a research note. He believes the pullback in shares offers a "tactical opportunity to buy ahead of improving fundamentals." Investors likely underappreciate Kaiser's leverage to ramping aerospace programs into 2019 and 2020, Englert contends. He points out that Kaiser has "significant" exposure to Boeing (BA) programs.
09/28/18
MSCO
09/28/18
NO CHANGE
Target $400
MSCO
Equal Weight
Morgan Stanley says NMA pivotal to Boeing long-term vision, but a near-term risk
Morgan Stanley analyst Rajeev Lalwani said Boeing's decision to move forward with its New Midsize Aircraft is likely within a year, which may raise the risk profile as clean-sheet designs typically do. Despite the back and forth among analysts on its viability, Lalwani believes the NMA program is likely to move forward as he sees it being pivotal to Boeing's long-term vision for a competitive product offering, expanding Services, and smoothing development cycles. Some type of response from Airbus (EADSY) is probable given the companies' history of "tit-for-tat," added Lalwani, who keeps an Equal Weight rating and $400 price target on Boeing shares.
09/06/18
JEFF
09/06/18
NO CHANGE
Target $410
JEFF
Buy
Boeing price target raised to $410 from $400 at Jefferies
Jefferies analyst Sheila Kahyaoglu raised her price target for Boeing to $410 after the company hosted analysts and investors at its Everett and Renton facilities. Boeing has been able to drive productivity through improved processes and sharing best practices across programs and business units, Kahyaoglu tells investors in a research note. She believes near-term challenges around 737 and KC-46 "seem manageable" and keeps a Buy rating on the shares.
09/06/18
BARD
09/06/18
NO CHANGE
Target $450
BARD
Outperform
Boeing supply chain stress concerns overblown, says Baird
Baird analyst Peter Arment said Boeing remains his top pick as he believes the anxiety around supply chain stress is overblown. The analyst believes the company is on target to meet its 2018 guidance and 2019 is setting up as a very favorable year in terms of earnings and cash flow improvements. Arment reiterated his Outperform rating and $450 price target on Boeing shares.

TODAY'S FREE FLY STORIES

ARMK

Aramark

$35.81

-1.045 (-2.84%)

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CTAS

Cintas

$179.63

-3.47 (-1.90%)

16:41
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BECN

Beacon Roofing

$27.74

0.12 (0.43%)

16:40
11/19/18
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16:40
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Earnings
Beacon Roofing sees FY19 adjusted EPS $2.90-$3.35, consensus $3.79 »

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SERV

ServiceMaster

$41.84

-0.58 (-1.37%)

16:40
11/19/18
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Initiation
ServiceMaster initiated  »

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  • 11

    Dec

EEX

Emerald Expositions Events

$10.92

-0.63 (-5.45%)

16:39
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16:39
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16:39
Initiation
Emerald Expositions Events initiated  »

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PBIP

Prudential Bancorp

$17.32

-0.03 (-0.17%)

16:38
11/19/18
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16:38
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16:38
Hot Stocks
Prudential Bancorp announces third stock repurchase program for 900,000 shares »

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POST

Post Holdings

$91.74

-4.31 (-4.49%)

16:37
11/19/18
11/19
16:37
11/19/18
16:37
Syndicate
Post Holdings announces termination of convertible preferred stock offering »

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FULT

Fulton Financial

$16.89

-0.06 (-0.35%)

16:36
11/19/18
11/19
16:36
11/19/18
16:36
Hot Stocks
Fulton Financial announces special cash dividend of four cents per share »

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NFG

National Fuel

$53.79

0.755 (1.42%)

16:35
11/19/18
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16:35
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16:35
Hot Stocks
National Fuel CIO Wegrzyn to retire »

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LB

L Brands

$34.53

-0.75 (-2.13%)

16:35
11/19/18
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Hot Stocks
L Brands names John Mehas as CEO of Victoria's Secret Lingerie unit »

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  • 20

    Nov

XOMA

Xoma

$14.22

-0.045 (-0.32%)

16:35
11/19/18
11/19
16:35
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16:35
Syndicate
Xoma commences rights offering to raise approximately $20M »

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DNLI

Denali Therapeutics

$18.18

-1.05 (-5.46%)

, SNY

Sanofi

$44.92

-0.19 (-0.42%)

16:34
11/19/18
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16:34
Hot Stocks
Denali Therapeutics reports 'positive' results from Phase 1 DNL747 study »

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DNLI

Denali Therapeutics

$18.18

-1.05 (-5.46%)

SNY

Sanofi

$44.92

-0.19 (-0.42%)

03/08/13
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  • 02

    Dec

  • 28

    Jan

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    Mar

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    Mar

  • 28

    Apr

LB

L Brands

$34.53

-0.75 (-2.13%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Earnings
L Brands raises FY18 EPS view to $2.60-$2.80 from $2.45-$2.70, consensus $2.63 »

CEO Leslie Wexner states:…

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  • 20

    Nov

PGNX

Progenics

$5.20

-0.16 (-2.99%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Hot Stocks
Progenics announces presentation of updated data for Azedra »

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  • 27

    Nov

LB

L Brands

$34.53

-0.75 (-2.13%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Earnings
Breaking Earnings news story on L Brands »

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  • 20

    Nov

HGV

Hilton Grand Vacations

$29.52

-0.09 (-0.30%)

16:33
11/19/18
11/19
16:33
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16:33
Hot Stocks
Hilton Grand Vacations names Gordon Gurnik as COO »

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  • 04

    Dec

LB

L Brands

$34.53

-0.75 (-2.13%)

16:33
11/19/18
11/19
16:33
11/19/18
16:33
Hot Stocks
Breaking Hot Stocks news story on L Brands »

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  • 20

    Nov

LB

L Brands

$34.53

-0.75 (-2.13%)

16:32
11/19/18
11/19
16:32
11/19/18
16:32
Hot Stocks
L Brands to cut annual dividend to $1.20 from $2.40 »

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  • 20

    Nov

T

AT&T

$30.34

0.04 (0.13%)

16:32
11/19/18
11/19
16:32
11/19/18
16:32
Periodicals
CNN abandons WH suit after Acosta's press pass restored, WP says »

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  • 21

    Nov

  • 03

    Dec

YUM

Yum! Brands

$88.15

-0.77 (-0.87%)

, TGT

Target

$77.77

-1.9 (-2.38%)

16:31
11/19/18
11/19
16:31
11/19/18
16:31
Hot Stocks
Yum! Brands names Brian Cornell as non-executive Chairman of Board »

Yum! Brands (YUM)…

YUM

Yum! Brands

$88.15

-0.77 (-0.87%)

TGT

Target

$77.77

-1.9 (-2.38%)

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  • 20

    Nov

  • 03

    Mar

LB

L Brands

$34.53

-0.75 (-2.13%)

16:31
11/19/18
11/19
16:31
11/19/18
16:31
Earnings
L Brands reports Q3 adjusted EPS 16c, consensus 15c »

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  • 20

    Nov

NUAN

Nuance

$16.27

-0.61 (-3.61%)

16:30
11/19/18
11/19
16:30
11/19/18
16:30
Earnings
Nuance sees FY19 EPS $1.02-$1.21, consensus $1.23 »

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  • 19

    Nov

16:30
11/19/18
11/19
16:30
11/19/18
16:30
Options
Preliminary option volume of 20.0M today »

Preliminary option volume…

NUAN

Nuance

$16.27

-0.61 (-3.61%)

16:30
11/19/18
11/19
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11/19/18
16:30
Hot Stocks
Breaking Hot Stocks news story on Nuance 

Nuance trading resumes

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  • 19

    Nov

NUAN

Nuance

$16.27

-0.61 (-3.61%)

16:28
11/19/18
11/19
16:28
11/19/18
16:28
Earnings
Nuance sees Q1 EPS 27c-29c, consensus 28c »

Sees Q1 revenue…

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  • 19

    Nov

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