Home Latest NewsBusiness Aviation Boeing releases its financial results for the third quarter.

Boeing releases its financial results for the third quarter.

by Mahua Special Editor

In Q4 FY 2020, Boeing announced a far greater adjusted loss per share than experts had predicted. For the same three-month period last year, the adjusted loss per share was over 6.5 times larger. The company’s revenue fell down year over year as well, but it still topped analyst expectations. The number of commercial airplane deliveries fell in the most recent quarter compared to the same period a year ago.

Boeing will report earnings for Q4 FY 2020 on January 27th, 2021, and investors will be looking for indicators that the business has been able to mitigate the harm to its financial results during that period. 2 In light of the company’s declining revenue, analysts estimate another adjusted loss per share, albeit at a considerably slower rate than in recent quarters. 3

Also of importance to investors is the number of Boeing commercial jets delivered throughout the quarter. This month, Boeing released its fourth-quarter delivery report, which painted a mixed picture. In comparison to the previous year, the overall number of commercial airplane deliveries decreased. It’s a positive indicator, though, that Q3 FY 2020 deliveries were more than twice as many as Q3 FY 2019. 4

The company’s stock has underperformed the market over the last year. When the pandemic-induced market meltdown occurred between the end of February and the end of March 2020, the stock price plummeted. It’s still not back to normal. Boeing’s stock has returned -33.4 percent in the last year, significantly less than the S&P 500’s return of 16.0 percent.

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