Boeing Q2 2024 Results Preview: Investor Expectations Low on Weaker Order Tallies, FAA Scrutiny

Second Quarter 2024

Boeing is scheduled to release its financial results for the second quarter of 2024 on Wednesday, July 31. Investor expectations are low, as the company faces weaker order tallies and increased scrutiny from the Federal Aviation Administration (FAA).

Key Issues

Order Tallies

Boeing's order tallies have been declining in recent quarters, as airlines have been reluctant to place new orders amid the ongoing COVID-19 pandemic. In the first quarter of 2024, Boeing reported a net loss of 25 orders, bringing its total backlog to 4,232 aircraft.

FAA Scrutiny

The FAA has been closely scrutinizing Boeing's safety and quality control processes since the fatal crashes of two 737 MAX aircraft in 2018 and 2019. The FAA recently announced that it has approved Boeing's revised safety and quality plan, but the company is still facing ongoing oversight from the agency.

Analyst Expectations

Analysts are expecting Boeing to report a loss per share of $0.60 in the second quarter of 2024, on revenue of $15.3 billion. This would be a significant improvement from the company's first-quarter loss of $2.68 per share, but still below analysts' expectations for 2024 as a whole.

Upcoming News Article

We will be following Boeing's Q2 2024 results closely and will provide an update on our website as soon as they are released. In the meantime, be sure to check out our other coverage of Boeing, including our recent article on the company's plans to offer advanced weapons on F-16s for Ukraine.