When is BAE Systems' earnings date and what should investors expect?
BAE Systems will report its full-year 2024 results on 19 February, with analysts expecting strong performance driven by increased defence spending and strategic acquisitions.
What to expect from BAE Systems' earnings
The British multinational aerospace, defence and information security giant is expected to deliver robust financial results on 19 February, with sales growth projected between 12% and 14%.
Share dealing investors should note the company's upgraded guidance for underlying EBIT growth of 11% to 13%.
The half-year report showed promising momentum, with revenues increasing 13% to £13.4 billion and operating profits rising to £1.39 billion.
Free cash flow is forecast to exceed £1.5 billion for the year, demonstrating strong financial health.
Strategic developments and acquisitions
BAE Systems acquisition of Ball Corporation's aerospace division for $5.6 billion marks a significant expansion into the space sector.
The integration of the newly renamed Space & Mission Systems division has progressed well, with accelerating sales in the second half.
Trading platform users should monitor the impact of this strategic move on the company's market position.
The acquisition strengthens BAE's capabilities in space-based technologies and services, potentially opening new revenue streams.
Major contract wins and order book
The company secured impressive contracts throughout 2024, including a $2.5 billion deal for CV90 combat vehicles with Sweden and Denmark.
A £285 million contract with the UK Ministry of Defence for Royal Navy combat systems upgrades adds to the robust order book.
Online trading participants should note the substantial order intake of approximately £25 billion by November 2024.
These contracts provide strong visibility for future revenue growth and underscore BAE's market leadership.
Global Combat Air Programme developments
The landmark agreement to form a joint venture with Italy and Japan represents a significant opportunity for long-term growth.
The project is expected to contribute £37 billion to the UK economy and support 16,000 jobs annually over the next decade.
This initiative demonstrates BAE's commitment to next-generation defence capabilities.
BAE Systems analyst and TipRanks Smart Score ratings
According to LSEG Data & Analytics, analysts rate the BAE Systems share as a ‘buy’ with 4 ‘strong buy’, 7 ‘buy’, 6 ‘hold’ and 1 ‘sell’ (as of 17/02/2025).
BAE Systems has a TipRanks Smart Score of ’5 Neutral’ and is rated as a ‘buy’ by analysts with 4 ’buy’ and 2 ‘hold’ recommendations (as of 17/02/2025).
BAE systems technical analysis outlook
The BAE Systems share price gapped higher by over 6% on Monday 17 February due to investor anticipation of increased European defence spending, prompted by recent geopolitical developments and high-level discussions on enhancing military budgets.
It thus looks as if the November-to-December corrective move lower has run its course with the resumption of the long-term uptrend taking the BAE Systems share price back towards its June and November 2024 record peaks at 1,415.5p-to-1,417p.
BAE Systems daily candlestick chart
On the daily candlestick chart the BAE Systems share price rise above its 200-day simple moving average (SMA) at 1,286p is encouraging for the bulls with the 25 November high at 1.348.5p representing the next upside target.
BAE Systems weekly candlestick chart
Support below Monday’s 1,272p intraday low and the 1,268.5p late January high comes in at Thursday’s 1,260p gap high point.
While last week’s low at 1,195p underpins, the medium-to-long-term uptrend remains intact.
Challenges and outlook
While BAE faces uncertainty regarding aircraft assembly work at its Warton facility, the overall outlook remains positive.
The company's record order backlog and strategic positioning in key defence markets support its growth trajectory.
Increased global defence spending amid geopolitical tensions continues to drive demand for BAE's products and services.
The company's workforce expansion plans, including 3,200 new positions, reflect confidence in future growth.
How to trade BAE Systems' earnings:
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The defence sector often demonstrates resilience during economic uncertainty, but traders should note that all trading carries risk. Consider your investment goals and risk tolerance before trading.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
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