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Boeing (BA) Stock Sinks As Market Gains: What You Should Know
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Boeing (BA - Free Report) closed the most recent trading day at $197.00, moving -2.46% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.14% for the day. Elsewhere, the Dow saw an upswing of 0.61%, while the tech-heavy Nasdaq appreciated by 1.69%.
Shares of the airplane builder witnessed a loss of 9.11% over the previous month, beating the performance of the Aerospace sector with its loss of 14.23%, and underperforming the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.15, showcasing a 97.99% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $24.87 billion, reflecting a 6.88% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.91 per share and revenue of $97.77 billion, indicating changes of +91.45% and +9.29%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Boeing. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 4.02% lower. Boeing is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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Boeing (BA) Stock Sinks As Market Gains: What You Should Know
Boeing (BA - Free Report) closed the most recent trading day at $197.00, moving -2.46% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.14% for the day. Elsewhere, the Dow saw an upswing of 0.61%, while the tech-heavy Nasdaq appreciated by 1.69%.
Shares of the airplane builder witnessed a loss of 9.11% over the previous month, beating the performance of the Aerospace sector with its loss of 14.23%, and underperforming the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.15, showcasing a 97.99% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $24.87 billion, reflecting a 6.88% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.91 per share and revenue of $97.77 billion, indicating changes of +91.45% and +9.29%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Boeing. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 4.02% lower. Boeing is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.