After years of business issues and stock market decline, Boeing’s (NYSE: BA) latest earnings proved sufficiently strong to generate both a regular session rally and to prompt Jim Cramer to declare that the firm is ‘at last ready to run.’
Specifically, the former hedge fund manager and TV host made an X post early on July 28, revealing he already told his club members BA is ready to ‘go much higher.’ Cramer found backing for his assessment in Boeing’s free cash flow, a metric he described as ‘key.’
Looking at the aerospace giant’s quarterly filing, the company announced a free cash flow of $631 million – a most welcome surprise considering that a $177 million cash burn was expected.
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Elsewhere, the figure also served to temper the failure to achieve the anticipated earnings per share (EPS). Indeed, Boeing’s EPS during the second quarter (Q2) was, in fact, a $0.76 loss. Analyst consensus called for a loss of $0.30.
The worse-than-expected result was attributed by the aircraft giant to a $280 million loss on the program meant to deliver two 747s earmarked to serve as the next generation of Air Force One.
Still, the free cash flow was not the only positive metric. Boeing not only recorded revenue of $24.56 billion – $24.25 billion was expected – but saw its commercial aircraft deliveries rise 14% from 150 one year earlier to 171 airplanes in Q2, 2026.
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Overall, the filing provided sufficient tailwinds for BA stock to soar 4.76% from $211.50 to $221.56 during the Tuesday, July 28 regular session. The Wednesday, July 29 pre-market, however, saw a modest 0.16% pullback to $221.20.
Notably, the long-term charts show Boeing shares are only at the beginning of their recovery and, arguably, lend credence to Jim Cramer’s assessment of the firm’s growth potential.
Year-to-date (YTD), BA equity is down 2.73% even after the strong last-session rise, while, in the last 12 months, the stock fell 2%. Boeing is also 2.17% down in the 5-year time frame and remains 50% below the $440 highs recorded in early 2019.
Featured image via Shutterstock
