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InvestingPro Insights
As Boeing (NYSE:) navigates through the complexities of the Aerospace & Defense industry, recent metrics and analyses offer a mixed picture of its financial health and market position. With a market capitalization of $150.64 billion, Boeing’s prominence in the sector is reflected in its sizable revenue, which stood at $75.76 billion over the last twelve months as of Q3 2023. This represents a robust year-over-year revenue growth of 23.34%, indicating that revenue growth has been accelerating, an essential InvestingPro Tip for potential investors.
On the profitability front, Boeing’s challenges are evident. The company operates with a gross profit margin of 11.44%, signaling weak gross profit margins, which is a critical consideration highlighted in InvestingPro Tips. Additionally, Boeing’s stock price movements have been quite volatile, with a significant 32.89% return over the last three months, yet analysts are not optimistic about the company’s profitability in the near term, anticipating it will not be profitable this year.
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Investors should note Boeing’s current position relative to its 52-week high, trading at 93.07% of its peak value, and consider the InvestingPro Fair Value estimate of $188.95, which diverges from the analyst target of $275. This discrepancy may warrant a closer examination of the company’s valuation and future earnings potential, with the next earnings date set for January 31, 2024.
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