Boeing Tops Q4 Revenue Estimates with $23.9 Billion, Shares Up 30%
Boeing posted $23.9 billion in fiscal Q4 revenue, beating analyst estimates of $22.3 billion, while shares have risen 30% over the past year and 2.5% year-to-date. Bank of America maintained a Buy rating with a $270 target and Bernstein an Outperform at $298, as Jim Cramer highlights renewed St. Louis defense production.
1. Q4 Earnings Beat Analysts’ Estimates
In fiscal Q4 Boeing reported revenue of $23.9 billion, surpassing consensus forecasts of $22.3 billion and marking a sequential boost driven by stronger commercial deliveries and defense contracts.
2. Share Performance and Analyst Outlook
Boeing's shares have climbed 30% over the past 12 months and 2.5% year-to-date; Bank of America retains a Buy rating with a $270 price target, while Bernstein maintains an Outperform stance at $298.
3. Focus on Defense Production in St. Louis
Jim Cramer highlighted Boeing's strategic decision under CEO Kelly Ortberg to relocate defense production back to St. Louis, viewing it as a catalyst for operational efficiency and local community impact.