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Boeing Co. (NYSE: BA) is scheduled to release fourth-quarter and full-year 2008 results tomorrow morning, January 28, before the market opens. Chairman, President, and Chief Executive Officer Jim McNerney and Corporate President and Chief Financial Officer James Bell will discuss the results and company outlook in a conference call at 10:30 AM Eastern. You can catch the live webcast of the call at the company's website.
For the quarter that saw labor trouble and continued delays of the 787 Dreamliner, analysts polled by Thomson Reuters expect Boeing to report that its profit fell 42.2% from a year ago to $0.78 per share. Revenue for the quarter is expected to total $13.4 billion, which is 23.3% lower than a year ago. Boeing fell short of earnings estimates by pennies per share in the previous two quarters. Back in December, Boeing increased its quarterly dividend by 5%.
For the full year, analysts expect to see earnings of $4.59 per share and revenue of $61.7 billion, which compares to $5.26 per share and $66.4 billion in 2007.
Analysts, on average, expect long-term EPS growth of 11.4% from Boeing, which is about the same as that of rival Lockheed Martin Corp. (NYSE: LMT), and their consensus recommendation remains to buy BA. The share price has fallen about 2% since the beginning of the year, but is about 43% lower it was than a year ago.
See BloggingStocks' Boeing coverage for more information about the Chicago-based aerospace giant.
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