Boeing shares ticked up 0.8% on Tuesday, riding the wave of a broader market rally as investors look ahead to the aerospace giant’s upcoming quarterly earnings report, which is due out before the opening bell on Wednesday.

Wall Street is expecting the company to report a revenue boost of 17.3% year-over-year, coming in around $19.43 billion. However, earnings are still expected to be in the red, with analysts projecting an adjusted loss per share of $1.27. That would mark a slightly deeper loss than the $1.13 per share posted in the same quarter a year ago.

Despite several quarters of underperformance against analyst estimates, Boeing remains in the spotlight. The company has missed earnings expectations in half of its last eight reports, yet sentiment remains cautiously optimistic.

Adding to the intrigue, Boeing just announced a major deal, agreeing to sell parts of its Digital Aviation Solutions business to private equity firm Thoma Bravo for $10.55 billion. The move suggests a strategic shift and could provide much-needed capital for other core operations.

Meanwhile, geopolitical tensions continue to stir challenges. On April 17, one of Boeing’s jets, originally set for delivery to a Chinese airline, was sent back to the U.S. after Chinese authorities paused aircraft handovers—another ripple in the ongoing trade friction between the U.S. and China.

Despite recent struggles, analyst ratings show solid support: out of 29 experts tracking the stock, 19 recommend buying, 8 suggest holding, and only 2 advise selling. The median 12-month price target sits at $200, significantly higher than the current share price of $160.66.

Looking at market sentiment, options traders are bracing for a 6.2% swing in either direction by the end of the week—a notable jump from the average 3.1% move seen after earnings over the past two years.

Even with today’s modest bump, Boeing’s stock remains down more than 9% year-to-date, mirroring a broader downturn in the Dow, which is off by over 8% so far this year.

As earnings season heats up, all eyes will be on Boeing—not just for its numbers, but for any signals about how the company plans to navigate a turbulent global landscape.