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Boeing (BA) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, Boeing (BA - Free Report) was down 1.38% at $202.54. The stock trailed the S&P 500, which registered a daily gain of 0.3%. At the same time, the Dow added 0.86%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the airplane builder had gained 3.7% in the past month. In that same time, the Aerospace sector lost 5.91%, while the S&P 500 lost 0.06%.
The investment community will be paying close attention to the earnings performance of Boeing in its upcoming release. The company's upcoming EPS is projected at -$0.43, signifying a 92.71% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $21.81 billion, indicating a 43.08% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$9.53 per share and revenue of $86.83 billion, indicating changes of +53.24% and +30.53%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Boeing. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 15.59% decrease. Boeing currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 73, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Boeing (BA) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Boeing (BA - Free Report) was down 1.38% at $202.54. The stock trailed the S&P 500, which registered a daily gain of 0.3%. At the same time, the Dow added 0.86%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the airplane builder had gained 3.7% in the past month. In that same time, the Aerospace sector lost 5.91%, while the S&P 500 lost 0.06%.
The investment community will be paying close attention to the earnings performance of Boeing in its upcoming release. The company's upcoming EPS is projected at -$0.43, signifying a 92.71% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $21.81 billion, indicating a 43.08% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$9.53 per share and revenue of $86.83 billion, indicating changes of +53.24% and +30.53%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Boeing. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 15.59% decrease. Boeing currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 73, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.