Boeing’s Amazing Long-Term Growth

I think many investors would be surprised at the long-term growth of shares of Boeing (BA). Last week, the company reported blow-out earnings.

Dow component Boeing’s stock surged Wednesday after the company reported year-end results that smashed Wall Street’s expectations, with record revenue and airplane deliveries driving the blowout.

Boeing reported a massive fourth-quarter earnings result of an adjusted $5.48 per share, beating expectations in a Refinitiv survey of analysts by 91 cents. Revenue was also strong, at $28.3 billion — more than $1 billion than analysts expected.

The aerospace giant reported $101.1 billion in annual revenue, breaking the $100 billion mark for the first time. Boeing also provided a strong 2019 forecast. Boeing expects next year’s earnings of $19.90 to $20.10 per share. Wall Street was expecting $18.31 a share for full-year 2019 earnings.

Boeing is a Dow component. In fact, it has the highest share price in the Dow which gives it the highest weighting. By market cap, it’s the 14th largest company in the index. Boeing was added to the Dow in 1987.

Since the bear market low nearly ten years ago, Boeing has crushed the Dow 1,571% to 277%. Here’s the 45-year view:

Since 1974, Boeing gained 176,000% and the Dow’s +2,842%.

Posted by on February 4th, 2019 at 1:07 pm


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