Company Research Highlights ®

Report created on March 24, 2024

Boeing NYSE:BA Price on 3/22/2024:

Market Capitalization:
$188.85
$115.1 B
Industrials Sector
Aerospace & Defense Industry
929 Long Bridge Drive
Arlington, VA 22202 Business Description Data provided by S&P Compustat

USA The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells,
Telephone: 703 465 -3500 services, and supports commercial jetliners, military aircraft, satellites, missile defense,
human space flight and launch systems, and services worldwide.
www.boeing.com

Key Statistics 3-Year Price Performance Data provided by DataScope from Refinitiv

Employee Count 171,000

Institutional Ownership 65.5% 0%
Total Revenue (TTM) $22,018.00
12/31/2023
-20%
Revenue Growth +16.79%
(TTM vs. Prior TTM)
200-Day Moving Average -40%
Enterprise Value $153.3 B 50-Day Moving Average
3/22/2024
-60%
Ex. Dividend Date --
Average Monthly Volume (Millions)
200
Dividend --
0
Dividend Yield (Annualized) -- Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
P/E (TTM) -- 2021 2022 2023 2024
Earning Yield (TTM) --
EPS (Adjusted TTM) $-0.47
1/31/2024 Trading Characteristics
Consensus EPS Estimate $-0.59 52 Week High $267.54 Price Performance (% Change) Volume
(Q1 2024) 12/21/2023
4 Week -6.0 Average 10-Day 10,906,760.4
EPS Growth +55.6% 52 Week Low $176.25
(TTM vs. Prior TTM) 10/25/2023 13 Week -27.5 Average 90-Day 8,956,963.5
% Price Above/Below 52 Week -3.7 Shares Outstanding 610,135,000
20-Day Average -2.3 1 Year Annualized as of 3/22/2024

50-Day Average -6.5 Total Return -3.73%

200-Day Average -11.5 Standard Deviation 0.32

Beta 1.36

Environmental, Social & Governance Summary (ESG)

Environmental, Social & Governance Summary (ESG)
PROVIDED BY MSCI
RATING BA INDUSTRY
Overall AVERAGE
Environment AVERAGE
Social LAGGARD
Governance AVERAGE
TRBC Industry: Aerospace / Defense

Risk: Leader = Top 25% Average = Middle 50% Laggard = Bottom 25%

Important Information Regarding Third-Party Content

This is not an investment recommendation from Fidelity Investments. Fidelity provides this information as a service to investors from independent, third-party sources. Page 1
Performance of analyst recommendations are provided by StarMine from Refinitiv. Current analyst recommendations are collected and standardized by Investars.
See each section in this report for third-party content attribution, as well as the final page of the report for additional important information regarding third-party content.
 ®
Company Research Highlights This is not an investment recommendation from Fidelity Investments. The information contained in this
report is sourced from independent, third party providers. NYSE BA
Price on 3/22/2024: $188.85 Industrials Sector
Market Capitalization: $115.1 B Aerospace & Defense Industry Boeing
Equity Summary Score is a weighted, Equity Summary Score (8 Firms†) Provided by StarMine from Refinitiv as of 3/24/2024
aggregated view of opinions from the
independent research firms on Fidelity.com. Starmine BA Equity Summary Score
It uses the past accuracy of these firms in Firm1 Relative Accuracy2 Standardized Opinion 3 8 Firms†
determining the emphasis placed on any Ford Equity Research (i) 94 Neutral 10
VERY BULLISH
individual opinion. Refinitiv/Verus (i) 8 Neutral 9
Zacks Investment Research, Inc (i) 36 Neutral BULLISH
First Call Consensus Recommendation ISS-EVA (i) 96 Sell 7
is provided by I/B/E/S from Refinitiv, an Jefferson Research (i) 5 Sell
independent third-party research provider, NEUTRAL
Trading Central (i) 10 Sell
using information gathered from
McLean Capital Management (i) 54 Neutral
contributors. The number of contributors for 3
each security where there is a consensus Argus Research A6/Quantitative (i) 81 Neutral Very Bearish
BEARISH
• Opinion used in Equity Summary Score
recommendation is provided. Each 1
contributor determines how their individual VERY BEARISH
0 1.0
recommendation scale maps to the I/B/E/S
from Refinitiv 5-point scale.
Firm Opinions Provided by Investars as of 3/23/2024
Visit Fidelity.com for firm descriptions, STANDARDIZED OPINION CURRENT FIRM OPINION
detailed methodologies, and more Investars
Firm1 / Aggregate Opinion Opinion 1 Year History Smartindex Date Opinion
information on the Equity Summary Score,
First Call Consensus, opinion history and RBC Capital Markets Outperform 13.97% 03/20/24 Outperform
performance, and most current available Bernstein Outperform -1.21% 01/29/24 Outperform
research reports for BA. Stifel Nicolaus Buy 30.58% 03/20/24 Buy
Jefferies Buy 19.74% 03/20/24 Buy
CSFB Neutral 11.90% 04/27/23 Neutral
1. (i) after the Firm Name indicates an
independent firm that derives no Merrill Lynch Neutral 19.66% 03/21/24 Neutral
financial benefit from the nature of their Wells Fargo Securities Neutral 28.59% 01/16/24 Market Perform
recommendations.
UBS Buy 19.91% 03/19/24 Buy
2. StarMine from Refinitiv Relative Accuracy Morgan Stanley Neutral 11.55% 02/06/24 Equal-weight (e)
is based on a statistical aggregation of
how well a firm performed on all of its William Blair & Company Outperform 30.44% 12/12/23 Outperform
individual stock recommendations in a Citigroup Investment Research Buy 22.64% 03/14/24 Buy
given sector. StarMine from Refinitiv first Baird Outperform 23.37% 12/01/23 Outperform
calculates the individual scores for each
set of recommendations for a single Deutsche Bank Buy 17.22% 03/21/24 Buy
stock over a 24 month period. Then Argus Analyst Buy 22.86% 02/05/24 Buy
StarMine from Refinitiv rolls up these
Ford Equity Research (i) Neutral 42.18% 03/22/24 3
individual performance scores into a
firm's sector score. Refinitiv/Verus (i) Neutral 22.79% 03/18/24 Hold
3. Each firm has its own recommendation Zacks Investment Research, Inc (i) Neutral 43.36% 03/23/24 Neutral
categories, making it difficult to compare ISS-EVA (i) Sell 36.51% 03/01/24 Sell
one firm’s recommendation to another’s. Jefferson Research (i) Sell 32.92% 03/22/24 Sell
Investars, a third-party research
company, collects and standardizes Trading Central (i) Sell 2.52% 03/17/24 Sell
these recommendations using a McLean Capital Management (i) Neutral 22.08% 03/18/24 Neutral
five-point scale. Argus Research A6/Quantitative (i) Neutral 40.27% 03/21/24 Hold
† The Equity Summary Score provided by I/B/E/S Estimates from Refinitiv -- -- 02/23/24 Buy
StarMine from Refinitiv is current as of
the date specified. There may be Equity Summary Score (8 Firms†) -- -- 03/24/24 Very Bearish
differences between the Equity Summary • Opinion used in Equity Summary Score
Score analyst count and the number of
underlying analysts listed. Due to the
timing in receiving ratings changes into
the Equity Summary Score model, the
Equity Summary Score analyst count
may lag the ratings count displayed by
one or more days. There may also be
analyst count variations for symbols with
multiple share classes and ADRs. More
details on Equity Summary Score
calculation are included in the
Understanding and Using the Equity
Summary Score Methodology (PDF).

Report created on March 24, 2024

The content on this page is provided by third parties and not Fidelity. Fidelity did not prepare and does not endorse such content. All are third-party companies that are not affiliated with Fidelity. Page 2
See each section in this report for third-party content attribution and see page 4 for full disclosures.
 ®
Company Research Highlights This is not an investment recommendation from Fidelity Investments. The information contained in this
report is sourced from independent, third party providers. NYSE BA
Price on 3/22/2024: $188.85 Industrials Sector
Market Capitalization: $115.1 B Aerospace & Defense Industry Boeing
Recent Recap Actuals vs. Estimates by Fiscal Quarter Data provided by I/B/E/S from Refinitiv

ACTUALS ESTIMATES STARMINE ESTIMATES BA PRICE Earnings in US Dollars

Last Report: Q4 Earnings on 01/31/24 Today
Reported Earnings: $-0.47 per share $300
Next Expected Report Date: 04/24/24 $200

$100
BA exceeded the First Call Consensus of
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
$-0.781 and exceeded the StarMine
2022 2023 2024
SmartEstimate from Refinitiv of $-0.799 for
-7.69 -2.75 -6.18 -1.75 -1.27 -3.26
Q4 2023. -0.37 -0.82 -0.47 -0.59

About Starmine SmartEstimate

The StarMine SmartEstimate from Refinitiv
seeks to be more accurate than the
consensus EPS by calculating an analyst's
accuracy and timeliness of an analyst's
Actuals vs. Estimates for Fiscal Year
estimates into its estimate of earnings.
First Call Estimates
Actual ($) Consensus ($) Analysts in Consensus Low / High Range ($)
Previous Year (Ends 12/31/23) -5.81 -6.15 25 -9.33 / -5.00
Next Year (Ends 12/31/24) -- 1.87 25 -4.45 / 4.84

Industry Comparisons** Data provided by S&P Compustat

Valuation Ratios (trailing 12 months) BA Industry BA Percentile Rank in Industry

Price / Earnings -- 42.6 --
PEG Ratio -- 3.1 --
Enterprise Value $0.00 $0.00 --
Price / Sales 1.5 3.4 --
Price / Book -- 5.8 --
Price / Cash Flow -- 25.5 --
0: Worst Best: 100
Company Quality Ratios BA Industry BA Percentile Rank in Industry
Gross Profit Margin (Trailing 12 Months) 14.3% 25.8 --
Operating Margin (Trailing 12 Months) 0.9% 5.5 --
Return on Assets (Trailing 12 Months) -1.6% 4.2 --
Return on Equity (Trailing 12 Months) 13.7% 14.2 --
0: Worst Best: 100
Growth Rates (%) BA Industry BA Percentile Rank in Industry
Revenue Growth (Trailing 12 Months vs. Prior Trailing 12 Months) +16.8% +13.8 --
EPS Growth (Trailing 12 Months vs. Prior Trailing 12 Months) +55.6% +4.6 --
Revenue % Change (Trailing 12 Months) +10.20% +13.31 --
0: Worst Best: 100

** The Industry Average and Percentile Rank methodology is based on the daily list of U.S. equity securities in each industry to which a company belongs, as
determined by Standard & Poor's. S&P uses the Global Industry Classification Standard (GICS)SM, an industry classification system developed by S&P in
collaboration with Morgan Stanley Capital International (MSCI).
A company is assigned to a single GICS sub-industry according to the definition of its principal business activity as determined by Standard & Poor's and MSCI.
Revenues are a significant factor in defining principal business activity; however, earnings analysis and market perception are also important criteria for
classification.
Securities are first grouped into their respective S&P GIC Industry, null values are removed and then the percentile is computed. The percentile is the value of a
variable below which a certain percent of observations fall. So the 20th percentile is the value (or score) below which 20 percent of the observations may be
found. Sometimes, being in the 100th percentile is not the best for items such as Debt to Capital Ratio where a lower number means less debt. Therefore, being
in the 1st percentile indicates lower debt than its peers in the industry.
The Industry Average is a market cap-weighted average of the non-null values in the industry.

Report created on March 24, 2024

The content on this page is provided by third parties and not Fidelity. Fidelity did not prepare and does not endorse such content. All are third-party companies that are not affiliated with Fidelity. Page 3
See each section in this report for third-party content attribution.
 ®
Company Research Highlights This is not an investment recommendation from Fidelity Investments. The information contained in this
report is sourced from independent, third party providers. NYSE BA
Price on 3/22/2024: $188.85 Industrials Sector
Market Capitalization: $115.1 B Aerospace & Defense Industry Boeing
Important Information Regarding Third-Party Content
The content compiled in this report is provided by third parties and not Fidelity. Fidelity did not prepare and does not endorse such content. Historical prices provided by Datascope from
Refinitiv. Fundamental data provided by Standard & Poor’s Compustat®. Earnings estimates provided by Refinitiv. Analyst recommendations performance measurement provided by
StarMine from Refinitiv. Analyst recommendations data and analysis provided by Investars. All are third-party companies that are not affiliated with Fidelity.

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Report created on March 24, 2024

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