“We’re off to a good start in what we expect to be another strong year of financial performance for Boeing,” said Chairman and Chief Executive Jim McNerney. The company delivered first quarter earnings that handily beat the Street’s consensus estimate.
Fast Track results: Boeing failed 3 categories. The stock is a potential idea that is worthwhile thoroughly researching.
Key points:
- Cash and equivalents ended the first quarter at $9.6 billion, up from $7.0 billion last year and $3.2 billion in 2004.
- Free cash flow came in at $1.5 billion in the first quarter, as compared with $277 million a year earlier.
- Boeing’s earnings have beat Street estimates for the last 4 quarters. The Street has been lowering estimates, and that trend could change.
- Boeing’s stock passed Fast Track’s 2 valuation measures.
- Eleven analysts rate the stock hold and 3 underperform/sell out of a total of 22 analysts, leaving room for ratings upgrades.
The Company Stock Risk Profile Fast Track is a research tool for quickly and easily screening stocks for potential ideas. Fast Track is comprised of 10 key categories incorporating fundamentals, valuation and how management and the Street feel about the stock. I like to see a stock fail no more than 3 categories before putting the stock through the complete 50-category Company Stock Risk Profile research process. Most important, whatever screening tool you choose to use, always thoroughly research the stocks that pass your screen before buying.
