Boeing earnings expected before the bell as market looks for 737 Max news - CNBC

Boeing's first-quarter earnings report is expected before the market opens on Wednesday.

Shareholders will be looking closely to see how the second deadly crash of a Boeing 737 Max, which led to the aircraft type's grounding around the world, has hit Boeing's cash flow and operating margins. Boeing's free cash flow this quarter is expected to have fallen 52% year-over-year, according to analysts surveyed by FactSet.

Boeing is anticipated to provide updated guidance on the 737 Max's grounding, as well as possibly indicate when the company may file with the Federal Aviation Administration to request the grounding be lifted. The FAA grounded the airplanes on March 13.

• EPS: $3.16 a share according to analysts surveyed by Refinitiv.
• Revenue: $22.98 billion according to analysts surveyed by Refinitiv.

Boeing will likely release the report at 7:30 am ET, the time of the last four quarterly reports according to FactSet.

Shares of Boeing were 0.5% higher in premarket trading before the release, up from Tuesday's close of $374.02 a share.

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April 24, 2019 at 06:09PM