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Boeing (BA) Dips More Than Broader Market: What You Should Know
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Boeing (BA - Free Report) closed the most recent trading day at $196.80, moving -1.57% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
Shares of the airplane builder have depreciated by 5.73% over the course of the past month, outperforming the Aerospace sector's loss of 8.91%, and lagging the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Boeing in its upcoming earnings disclosure. On that day, Boeing is projected to report earnings of -$0.15 per share, which would represent year-over-year growth of 97.99%. Meanwhile, the latest consensus estimate predicts the revenue to be $24.87 billion, indicating a 6.88% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.91 per share and revenue of $97.77 billion, which would represent changes of +91.45% and +9.29%, respectively, from the prior year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.02% lower. As of now, Boeing holds a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Boeing (BA) Dips More Than Broader Market: What You Should Know
Boeing (BA - Free Report) closed the most recent trading day at $196.80, moving -1.57% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
Shares of the airplane builder have depreciated by 5.73% over the course of the past month, outperforming the Aerospace sector's loss of 8.91%, and lagging the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Boeing in its upcoming earnings disclosure. On that day, Boeing is projected to report earnings of -$0.15 per share, which would represent year-over-year growth of 97.99%. Meanwhile, the latest consensus estimate predicts the revenue to be $24.87 billion, indicating a 6.88% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.91 per share and revenue of $97.77 billion, which would represent changes of +91.45% and +9.29%, respectively, from the prior year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.02% lower. As of now, Boeing holds a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.