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Boeing (BA) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, Boeing (BA - Free Report) was up +1.69% at $198.41. This change outpaced the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
The airplane builder's shares have seen a decrease of 15.91% over the last month, not keeping up with the Aerospace sector's loss of 8.81% and the S&P 500's loss of 5.69%.
The investment community will be closely monitoring the performance of Boeing in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.6, showcasing a 22.45% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $21.73 billion, reflecting a 11.46% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.45 per share and a revenue of $96.61 billion, indicating changes of +104.23% and +7.98%, respectively, from the former year.
Any recent changes to analyst estimates for Boeing should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 30.38% lower. Boeing is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Boeing is holding a Forward P/E ratio of 432.24. This indicates a premium in contrast to its industry's Forward P/E of 23.75.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 38% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Boeing (BA) Outpaces Stock Market Gains: What You Should Know
In the latest close session, Boeing (BA - Free Report) was up +1.69% at $198.41. This change outpaced the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
The airplane builder's shares have seen a decrease of 15.91% over the last month, not keeping up with the Aerospace sector's loss of 8.81% and the S&P 500's loss of 5.69%.
The investment community will be closely monitoring the performance of Boeing in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.6, showcasing a 22.45% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $21.73 billion, reflecting a 11.46% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.45 per share and a revenue of $96.61 billion, indicating changes of +104.23% and +7.98%, respectively, from the former year.
Any recent changes to analyst estimates for Boeing should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 30.38% lower. Boeing is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Boeing is holding a Forward P/E ratio of 432.24. This indicates a premium in contrast to its industry's Forward P/E of 23.75.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 38% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.