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) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Boeing (BA - Free Report) closed at $214.19, marking a -1.33% move from the previous day. This change lagged the S&P 500's daily loss of 1.1%. At the same time, the Dow lost 0.89%, and the tech-heavy Nasdaq gained 0.03%.
Heading into today, shares of the airplane builder had gained 7.63% over the past month, outpacing the Aerospace sector's gain of 6.08% and the S&P 500's loss of 1.81% in that time.
Wall Street will be looking for positivity from Boeing as it approaches its next earnings report date. This is expected to be January 26, 2022. In that report, analysts expect Boeing to post earnings of -$0.14 per share. This would mark year-over-year growth of 99.08%. Our most recent consensus estimate is calling for quarterly revenue of $17.63 billion, up 15.2% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Boeing. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 0.95% lower within the past month. Boeing is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Boeing is currently trading at a Forward P/E ratio of 52.31. For comparison, its industry has an average Forward P/E of 16.88, which means Boeing is trading at a premium to the group.
It is also worth noting that BA currently has a PEG ratio of 13.08. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.33 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 229, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Boeing (BA - Free Report) closed at $214.19, marking a -1.33% move from the previous day. This change lagged the S&P 500's daily loss of 1.1%. At the same time, the Dow lost 0.89%, and the tech-heavy Nasdaq gained 0.03%.
Heading into today, shares of the airplane builder had gained 7.63% over the past month, outpacing the Aerospace sector's gain of 6.08% and the S&P 500's loss of 1.81% in that time.
Wall Street will be looking for positivity from Boeing as it approaches its next earnings report date. This is expected to be January 26, 2022. In that report, analysts expect Boeing to post earnings of -$0.14 per share. This would mark year-over-year growth of 99.08%. Our most recent consensus estimate is calling for quarterly revenue of $17.63 billion, up 15.2% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Boeing. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 0.95% lower within the past month. Boeing is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Boeing is currently trading at a Forward P/E ratio of 52.31. For comparison, its industry has an average Forward P/E of 16.88, which means Boeing is trading at a premium to the group.
It is also worth noting that BA currently has a PEG ratio of 13.08. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.33 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 229, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.