Of 25 analysts covering Boeing stock, 16 have a Buy or Strong Buy rating and eight more have Hold ratings. At a share price of around $214.00, the implied upside based on a median price target of $233.50 is 9.1%. At the high target of $300.00, the implied upside is about 40.2%.
The consensus estimate for second-quarter revenue is $18.53 billion, up 3.4% sequentially and by 11.1% year over year. Analysts are forecasting adjusted an adjusted loss per share of $0.89, compared to a loss of $1.27 per share in the prior quarter and a loss per share of $0.37 in the first quarter of last year.
For the full 2023 fiscal year, Boeing is expected to post an adjusted loss of $1.43 per share, compared to last year’s loss per share of $11.06. Revenue is expected to increase by 17.3% to $78.13 billion. On a GAAP basis, EPS are forecast to come in at $0.83 for the year, including a fourth-quarter total of $1.21 per share.
Boeing stock trades at 41.4 times estimated 2024 earnings of $5.18 and 23.9 times estimated 2025 earnings of $8.99 per share. The 52-week range is $120.99 to $223.91. Boeing has suspended its dividend, and total shareholder return for the past year was 35.69%.
Coca-Cola
Dow Jones industrial average component and Warren Buffett favorite Coca-Cola Co. (NYSE: KO) has posted a share price increase of about 1.8% over the past 12 months. For the year to date, the stock is down by about the same amount. Beverage industry stocks are up by about 7.4% over the past year and up by about 3.5% for the year to date.
Investors like Buffett never forget the company’s solid dividend. Even though free cash flow was slightly negative in the first quarter, that is not something Wall Street expects to see reported for the June quarter.
Analysts are bullish on the stock, with 19 of 25 brokerages having a Buy or Strong Buy rating. Another five have a Hold rating. At a share price of around $62.50, the upside potential based on a median price target of $69.50 is 11.2%. At the high price target of $75.00, the upside potential is 20%.
Second-quarter revenue is forecast at $11.75 billion, up 7.2% sequentially and 4.0% higher year over year. Adjusted EPS are pegged at $0.72, up 6.1% sequentially and by 2.9%year over year. For the full 2023 fiscal year, consensus estimates call for EPS of $2.61, up 5.2%, on revenue of $44.95 billion, up 4.4%.
Coca-Cola stock trades at 23.9 times expected 2023 EPS, 22.2 times estimated 2024 earnings of $2.81 and 20.7 times estimated 2025 earnings of $3.02 per share. The 52-week range is $54.02 to $65.47. Coca-Cola pays an annual dividend of $1.84 (yield of 2.95%). Total shareholder return for the past year was 4.45%.
Originally published at 24/7 Wall St.
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