![]() Higher jet deliveries, especially that of 737 aircraft in the past couple of quarters, along with the recent strong order activity and increased aftermarket services, are expected to have contributed to Boeing’s second-quarter cash flow reserve. Improvement in the company’s commercial shipment is likely to have outweighed the decline in defense shipment, thereby aiding BA’s overall top-line performance. Let's take a look at four defense companies that are scheduled to report second-quarter 2023 earnings on Jul 26 and find out how things might have shaped up prior to the announcements.īoeing’s second-quarter deliveries reflected a solid year-over-year surge of 12.4% in commercial shipments, while defense deliveries went down 5%. Story continues Aerospace & Defense Stocks to Watch Revenues are projected to improve 7.2%.įor more details on quarterly releases, you can go through the latest Earnings Preview. The Aerospace sector’s earnings are expected to decline 9% from the prior-year quarter’s reported figure. ![]() However, persistent headwinds like supply-chain disruption, inflationary pressure along with rising jet fuel prices as well as increasing policy rates by the Federal Reserve might have adversely impacted the industry’s bottom-line performance. Notably, a steady order flow observed in the past couple of quarters, along with improving delivery trend in recent times, buoyed by recovering economic trends, is likely to have bolstered the aerospace and defense stocks’ second-quarter revenues. Stocks that are more focused on combat are also expected to have gained as a result of consistent government support. Such solid deliveries might have boosted the overall top as well as bottom-line growth of the Aerospace sector, which houses all aerospace and defense stocks. With BA being the nation’s largest jet maker, we expect the April-June quarter results of the remaining aerospace majors to reflect a similar improvement in delivery trends. This is indicative of the steadily growing air passenger traffic across the globe, which in turn is likely to significantly boost the second-quarter results of aerospace and defense stocks, particularly those engaged in commercial aviation.Įvidently, Boeing witnessed a solid year-over-year surge of 12.4% in its commercial shipments during the quarter to be reported. Per a recent report by the International Air Transport Association, industry-wide global revenue per kilometer increased 39.1% year over year in May 2023. ![]() Factors That Influenced Aerospace & Defense Stocks Some major industry players like Boeing BA, General Dynamics GD, Teledyne Technologies TDY and 元Harris Technologies LHX are set to report their results tomorrow. The second-quarter 2023 reporting cycle has started for aerospace and defense stocks, with Lockheed Martin reporting better-than-expected earnings and sales.
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