We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
Boeing (BA - Free Report) closed at $200.37 in the latest trading session, marking a -2.86% move from the prior day. This change lagged the S&P 500's 0.09% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.13%.
Heading into today, shares of the airplane builder had gained 5.88% over the past month, outpacing the Aerospace sector's loss of 1.1% and the S&P 500's gain of 1.89%.
Investors will be eagerly watching for the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.43, showcasing a 92.71% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $21.81 billion, indicating a 43.08% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$9.53 per share and revenue of $86.83 billion. These totals would mark changes of +53.24% and +30.53%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Boeing. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 10.51% decrease. Right now, Boeing possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 61, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Boeing (BA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Boeing (BA - Free Report) closed at $200.37 in the latest trading session, marking a -2.86% move from the prior day. This change lagged the S&P 500's 0.09% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.13%.
Heading into today, shares of the airplane builder had gained 5.88% over the past month, outpacing the Aerospace sector's loss of 1.1% and the S&P 500's gain of 1.89%.
Investors will be eagerly watching for the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.43, showcasing a 92.71% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $21.81 billion, indicating a 43.08% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$9.53 per share and revenue of $86.83 billion. These totals would mark changes of +53.24% and +30.53%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Boeing. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 10.51% decrease. Right now, Boeing possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 61, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.