Analysts on Wall Street project that Boeing ( BA - Free Report ) will announce quarterly loss of $8.77 per share in its forthcoming report, representing a decline of 169% year over year. Revenues are projected to reach $17.9 billion, declining 1.2% from the same quarter last year. The consensus EPS estimate for the quarter has undergone a downward revision of 805.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.