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Boeing (BA) Dips More Than Broader Markets: What You Should Know
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Boeing (BA - Free Report) closed at $350.36 in the latest trading session, marking a -0.72% move from the prior day. This change lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.94%.
Heading into today, shares of the airplane builder had gained 8.43% over the past month, outpacing the Aerospace sector's gain of 0.99% and the S&P 500's loss of 1.47% in that time.
Wall Street will be looking for positivity from BA as it approaches its next earnings report date. This is expected to be January 30, 2019. In that report, analysts expect BA to post earnings of $4.50 per share. This would mark a year-over-year decline of 6.25%. Our most recent consensus estimate is calling for quarterly revenue of $26.61 billion, up 4.9% from the year-ago period.
Any recent changes to analyst estimates for BA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% higher. BA is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, BA currently has a Forward P/E ratio of 19.37. For comparison, its industry has an average Forward P/E of 13.59, which means BA is trading at a premium to the group.
It is also worth noting that BA currently has a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.33 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Boeing (BA) Dips More Than Broader Markets: What You Should Know
Boeing (BA - Free Report) closed at $350.36 in the latest trading session, marking a -0.72% move from the prior day. This change lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.94%.
Heading into today, shares of the airplane builder had gained 8.43% over the past month, outpacing the Aerospace sector's gain of 0.99% and the S&P 500's loss of 1.47% in that time.
Wall Street will be looking for positivity from BA as it approaches its next earnings report date. This is expected to be January 30, 2019. In that report, analysts expect BA to post earnings of $4.50 per share. This would mark a year-over-year decline of 6.25%. Our most recent consensus estimate is calling for quarterly revenue of $26.61 billion, up 4.9% from the year-ago period.
Any recent changes to analyst estimates for BA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% higher. BA is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, BA currently has a Forward P/E ratio of 19.37. For comparison, its industry has an average Forward P/E of 13.59, which means BA is trading at a premium to the group.
It is also worth noting that BA currently has a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.33 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.