We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Boeing (BA) Stock Moves -0.14%: What You Should Know
Read MoreHide Full Article
Boeing (BA - Free Report) closed the most recent trading day at $167.11, moving -0.14% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.63%. Meanwhile, the Dow lost 1.44%, and the Nasdaq, a tech-heavy index, lost 1.65%.
Prior to today's trading, shares of the airplane builder had lost 0.11% over the past month. This has was narrower than the Aerospace sector's loss of 2.12% and lagged the S&P 500's gain of 2.86% 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 October 28, 2020. The company is expected to report EPS of -$2.23, down 253.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.14 billion, down 29.24% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$10.25 per share and revenue of $58.09 billion. These results would represent year-over-year changes of -195.39% and -24.12%, respectively.
It is also important to note the recent changes to analyst estimates for BA. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.48% lower. BA currently has a Zacks Rank of #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Boeing (BA) Stock Moves -0.14%: What You Should Know
Boeing (BA - Free Report) closed the most recent trading day at $167.11, moving -0.14% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.63%. Meanwhile, the Dow lost 1.44%, and the Nasdaq, a tech-heavy index, lost 1.65%.
Prior to today's trading, shares of the airplane builder had lost 0.11% over the past month. This has was narrower than the Aerospace sector's loss of 2.12% and lagged the S&P 500's gain of 2.86% 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 October 28, 2020. The company is expected to report EPS of -$2.23, down 253.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.14 billion, down 29.24% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$10.25 per share and revenue of $58.09 billion. These results would represent year-over-year changes of -195.39% and -24.12%, respectively.
It is also important to note the recent changes to analyst estimates for BA. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.48% lower. BA currently has a Zacks Rank of #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.