aerospace giant’s stock faces turbulent skies By Investing.com
Boeing (NYSE:), a leading manufacturer in the commercial aerospace sector and a major U.S. defense contractor, has been navigating through turbulent skies in recent years. The company’s stock has underperformed significantly, down 31% year-to-date as of December 2024, compared to the S&P500’s 27% rise. This comprehensive analysis examines Boeing’s current position, challenges, and potential for recovery in the aerospace industry.
Financial Performance and Outlook
Boeing’s financial performance has been under pressure, with negative earnings per share (EPS) forecasts for the near term. InvestingPro analysis indicates an EPS forecast of -$13.68 for fiscal year 2024, with the company’s Financial Health Score currently rated as “Weak” at…
