Boeing reports second-quarter revenue that tops estimates, sending shares higher
Shares of Boeing rose by more than 2% in premarket U.S. trading following the announcement.
Sales from the company's key commercial airplanes division came in at $10.87 billion, topping Bloomberg consensus estimates of $10.4 billion, while its defense unit's revenue was also above expectations.
"Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers,' said CEO Kelly Ortberg in a statement. Ortberg was brought on at the helm of Boeing in 2024 to help the airplane manufacturer salvage its reputation after a mid-air panel blowout on one of its passenger jets sparked fresh questions about its safety record.
Meanwhile, Boeing has been at center of global trade disputes, although Ortberg has previously said the firm has been working to avoid the worst of a recent rise in U.S. tariffs. Crucially, the U.S. and China have reached a trade truce, while a preliminary deal between Washington and the European Union exempts aircraft from tariffs.
"As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment," Ortberg said.
Boeing reported a core loss per share of $1.24 in the second quarter, which was not as deep as analysts had originally feared.
Related articles
Boeing reports second-quarter revenue that tops estimates, sending shares higher
Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse
Surge of 50% since our AI selection, this chip giant still has great potential
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Can Mixed Fundamentals Have A Negative Impact on Corteva, Inc. (NYSE:CTVA) Current Share Price Momentum?
Most readers would already be aware that Corteva's (NYSE:CTVA) stock increased significantly by 14% over the past three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. Specifically, we decided to study Corteva's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. How Is ROE Calculated? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Corteva is: 4.7% = US$1.2b ÷ US$25b (Based on the trailing twelve months to March 2025). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.05 in profit. Check out our latest analysis for Corteva What Has ROE Got To Do With Earnings Growth? Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. Corteva's Earnings Growth And 4.7% ROE It is hard to argue that Corteva's ROE is much good in and of itself. Not just that, even compared to the industry average of 10%, the company's ROE is entirely unremarkable. Hence, the flat earnings seen by Corteva over the past five years could probably be the result of it having a lower ROE. As a next step, we compared Corteva's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 7.3% in the same period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for CTVA? You can find out in our latest intrinsic value infographic research report. Is Corteva Efficiently Re-investing Its Profits? Despite having a normal three-year median payout ratio of 39% (implying that the company keeps 61% of its income) over the last three years, Corteva has seen a negligible amount of growth in earnings as we saw above. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline. Moreover, Corteva has been paying dividends for six years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer dividends over earnings growth. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 20% over the next three years. As a result, the expected drop in Corteva's payout ratio explains the anticipated rise in the company's future ROE to 11%, over the same period. Conclusion In total, we're a bit ambivalent about Corteva's performance. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Forbes
38 minutes ago
- Forbes
Sell Caterpillar Stock Ahead of Its Upcoming Earnings?
Caterpillar (NYSE:CAT) is set to announce its earnings on Tuesday, August 5, 2025, prior to the market opening. Analyzing Caterpillar's stock performance over the last five years after earnings announcements shows a significant pattern of negative responses. In 68% of cases, CAT stock has recorded a negative one-day return following the announcement of results. The median decline for one day has been -3.2%, while the maximum drop observed in one day has reached -7.0%. For event-driven traders, recognizing these consistent historical trends can provide a strategic edge, however, the actual outcomes compared to consensus and expectations will ultimately determine the results. Traders might consider two main strategies: The consensus analyst forecast for the forthcoming quarter is earnings of $4.90 per share on revenue of $16.26 billion. This reflects an anticipated decline compared to the same quarter last year, which reported earnings of $5.99 per share on revenue of $16.69 billion. As per its most recent report, Caterpillar has a current market capitalization of $208 billion. In the past twelve months, the company generated $63 billion in revenue and was operationally profitable, indicating $12 billion in operating profits and a net income of $9.9 billion. That being said, if you are looking for growth with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative — having surpassed the S&P 500 and generating returns exceeding 91% since its launch. Also, see – AMD Stock To $330? See earnings reaction history of all stocks Caterpillar's Historical Odds Of Positive Post-Earnings Return Here are some insights on one-day (1D) post-earnings returns: Additional information regarding 5-Day (5D), and 21-Day (21D) returns post-earnings is summarized alongside the statistics in the table below. Correlation Between 1D, 5D and 21D Historical Returns A comparatively less risky strategy (although it may not be helpful if the correlation is weak) is to comprehend the correlation between short-term and medium-term returns after earnings, identify the pair with the highest correlation, and carry out the relevant trade. For instance, if 1D and 5D exhibit the highest correlation, a trader can take a "long" position for the subsequent 5 days if the 1D post-earnings return is positive. Below is some correlation data based on a 5-year and a 3-year (more recent) history. Please note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and the subsequent 5D returns. Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all three, the S&P 500, S&P mid-cap, and Russell 2000), producing strong returns for investors. Additionally, if you desire upside with a smoother experience than an individual stock like Caterpillar, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception.
Yahoo
an hour ago
- Yahoo
Canaccord Genuity Initiates 'Buy' on Gold Fields (GFI) with $33 Target
Gold Fields Limited (NYSE:GFI) is one of the best stocks to buy amid gold rally. On July 28, Canaccord Genuity issued a 'Buy' rating as it initiated coverage on Gold Fields; it set the target price at $33. The investment bank cited strong near-term growth prospects for the South Africa-headquartered company. Gold Fields, a top-10 global gold producer operating 10 mines worldwide, is poised for near-term growth driven by expansions at Salares Norte and Gruyere through 2026, alongside ongoing development at Windfall and key assets like St Ives, South Deep, and Tarkwa through 2028. Canaccord Genuity projects notable deleveraging by 2027, which could bolster the company's capacity for M&A and support a re-rating of its shares through rising production, profits, and shareholder returns. Gold Fields Limited (NYSE:GFI) is a globally diversified gold mining company. It explores for, develops, and produces gold, with additional activities in copper and silver extraction. The company operates nine mines across South Africa, Australia, Ghana, Chile, and Peru, and owns the Windfall Project in Québec, Canada. Its primary product is gold bullion, refined from both underground and surface mining operations. While we acknowledge the potential of GFI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
