What Analysts Think of Boeing Stock Ahead of Earnings | Global News Avenue

boeing ((BA) is scheduled to release its fourth-quarter report ahead of Tuesday’s opening ceremony, days after the struggling plane maker released preliminary results that included a much further improvement than analysts had expected.

Boeing said Thursday it expected to report a net loss of $15.2 billion at $4.46 a share. Consensus estimates compiled by Visible Alpha called for a loss of $2.80 per share and revenue of $16.3 billion.

The quarterly results will be Boeing’s first since the end of November nearly two months of strike halted production at multiple facilities through its unionized machinists. During the strike, the company announced cost cutting measuresinclude massive layoffs.

Boeing’s troubles accelerate Alaska Airlines ((Elk) flight in early January last year when a door insert exploded on a 737 Max aircraft. The stock traded around $250 before hitting a low of around $137 in November.

Still, analysts are generally bullish on Boeing stock, with seven “Buy” and two “Hold” ratings Among those with visible alpha tracking. Analyst average price target Boeing’s closing price on Friday was around $192.50, which was about $176.