Here’s what Wall St. experts are saying about Boeing ahead of earnings

Boeing (BA) is expected to report results for its fiscal third quarter on Wednesday, October 23, with a conference call scheduled for 10:30 am EDT. What to watch for:

OUTLOOK: According to current consensus data from Yahoo Finance, Boeing is expected to report Q3 losses per share of ($2.38) and Q3 revenue of $22.13B.

FAA CLEARS 737 MAX FOR 42/MONTH: The FAA said that it would allow Boeing to raise production from 38/ month to 42/month. Bernstein has expected Boeing to be able to move to 42/month by year end. The FAA announcement sets Boeing up to do just that. Management, including CEO Kelly Ortberg, have consistently indicated that the company was on track to receive the clearance. One outstanding KPI has remained, which the firm understood was essentially complete last month. For the 737MAX, expectations should now be for the company to move to 47/month in 2026, to be followed by 52/month and 57/month. CEO Ortberg has described a rate break target using six-month intervals. Bernstein has been more conservative, assuming 9/month intervals. Boeing will report Q3 earnings on October 29th. The firm should learn more about production plans at that point. But, all appears on track, it adds. Bernstein has an Outperform rating on the shares with a price target of $287 on the shares.

MORE TO DO: JPMorgan highlighted in a research note earlier this month that the Boeing 737 continues to sell well and delivering the approximately 5k units in backlog is a priority for several years. Doing so will help Boeing improve its balance sheet, which is a prerequisite for any new aircraft program, the firm adds. JPMorgan believes Boeing also takes the view that more time is required to refine the technologies that can deliver the fuel burn, maintenance cost, and airframe design for a compelling next aircraft. Finally, Boeing recently indicated that doing a new aircraft would require a revamped certification process. The firm has an Overweight rating on the shares.

DELIVERIES: Boeing delivered 55 aircraft in September, according to data posted to the company’s corporate site. The company recorded 96 gross orders for new aircraft in September. For the year to date, Boeing has delivered 440 jets and booked 821 gross orders, as well as 870 net orders, according to the company data. Boeing also announced major program deliveries across its commercial and defense operations for the third quarter of 2025, including 160 commercial airplane deliveries and 32 total deliveries in its defense, space and security programs.

ACQUISITION: The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Spirit AeroSystems (SPR) by Boeing. The approval is conditional upon full compliance with the commitments offered by the companies. To address the Commission’s preliminary competition concerns, Boeing offered to divest all Spirit’s businesses that currently supply Airbus with aerostructures, including all necessary assets and personnel, to Airbus (EADSY); and Spirit’s site in Malaysia – that currently supplies, among others, Airbus with aerostructures – to Composites Technology Research Malaysia.

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