Boeing Q1 FY12/24 Earnings Review

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by Alex King

There probably is something good to say about Boeing’s Q1, but I’m not sure what it is. Oh, wait - backlog didn’t drop by very much. That was the good thing. Other than that, what a shocker. The question for the stock, as opposed to the company, is - is the bad news all digested yet? Stock prices always run ahead of the news and ahead of the numbers; if the stock finds support and starts moving up, we can expect fundamentals to start to stabilize.

Below we review fundamentals, valuation, our chart analysis, stock rating and stock price outlook.