Grounded Boeing 737 MAX plane are seen parked in an aerial picture at Boeing Subject in Seattle, Washington, July 1, 2019.
Lindsey Wasson | Reuters
Boeing is about to report its third-quarter outcomes earlier than the market opens Wednesday, which analysts count on to element additional losses because the coronavirus pandemic hurts plane demand.
Here is what Wall Road analysts count on:
• A per-share lack of $2.52.
• Income: $13.9 billion.
Wall Road is anticipating a loss per share of $2.52 on income of $13.9 billion, primarily based on Refinitiv consensus estimates. Boeing can also be anticipated to report unfavourable free money move of $5.four billion, barely lower than the earlier quarter’s unfavourable $5.6 billion, in line with FactSet.
The pandemic’s affect on air journey demand, which remains to be not again to half of final yr’s ranges, has worsened Boeing’s disaster stemming from two deadly crashes of the 737 Max. Regulators are on the tail-end of the planes’ evaluate however have nonetheless not signed off on them, stopping Boeing from delivering them to clients and crimping its money move because of this.
Boeing executives will element their outcomes on a 10:30 a.m. ET name.
This story is growing. Please examine again for updates.