Boeing Co. Earnings: Cash Flow Surges in Q2
Boeing (NYSE: BA) has been one of the best-performing large-cap stocks of 2017, with shares up more than 35% year to date. On Wednesday, it backed up those big gains with strong earnings for the second quarter of 2017, despite a significant year-over-year decline in commercial airplanes deliveries.
Most impressively, free cash flow nearly doubled last quarter, continuing on its strong trajectory. Boeing's cost-cutting program is paying big dividends, while the 787 Dreamliner is finally becoming a reliable cash cow. Moreover, the company raised numerous aspects of its full-year guidance.
Last quarter, revenue plunged 8.1% year over year, as the company reduced deliveries across several of its commercial jet families. However, Boeing was able to avoid incurring any major earnings charges, something that had plagued it during 2016. Furthermore, its underlying operational performance continues to improve.
Source: Fool.com
Boeing Co. Stock
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 39.76% for Boeing Co. compared to the current price of 166.72 €.
