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Boeing (BA) Gains As Market Dips: What You Should Know
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Boeing (BA - Free Report) closed the most recent trading day at $185.68, moving +0.53% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.9%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.27%.
Coming into today, shares of the airplane builder had gained 6.22% in the past month. In that same time, the Aerospace sector gained 2.07%, while the S&P 500 lost 2.66%.
Investors will be hoping for strength from Boeing as it approaches its next earnings release. On that day, Boeing is projected to report earnings of $0.40 per share, which would represent year-over-year growth of 105.2%. Meanwhile, our latest consensus estimate is calling for revenue of $19.42 billion, up 31.25% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$8.78 per share and revenue of $66.04 billion. These results would represent year-over-year changes of +6.99% and +6.03%, respectively.
Any recent changes to analyst estimates for Boeing should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Boeing is currently sporting a Zacks Rank of #5 (Strong Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Boeing (BA) Gains As Market Dips: What You Should Know
Boeing (BA - Free Report) closed the most recent trading day at $185.68, moving +0.53% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.9%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.27%.
Coming into today, shares of the airplane builder had gained 6.22% in the past month. In that same time, the Aerospace sector gained 2.07%, while the S&P 500 lost 2.66%.
Investors will be hoping for strength from Boeing as it approaches its next earnings release. On that day, Boeing is projected to report earnings of $0.40 per share, which would represent year-over-year growth of 105.2%. Meanwhile, our latest consensus estimate is calling for revenue of $19.42 billion, up 31.25% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$8.78 per share and revenue of $66.04 billion. These results would represent year-over-year changes of +6.99% and +6.03%, respectively.
Any recent changes to analyst estimates for Boeing should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Boeing is currently sporting a Zacks Rank of #5 (Strong Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.