Boeing (BA - Free Report) closed at $357.75 in the latest trading session, marking a -1.47% move from the prior day. This change lagged the S&P 500's daily loss of 0.63%. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Heading into today, shares of the airplane builder had lost 6.9% over the past month, outpacing the Aerospace sector's loss of 9.68% and lagging the S&P 500's loss of 6.28% in that time.
Wall Street will be looking for positivity from BA as it approaches its next earnings report date. This is expected to be January 30, 2019. On that day, BA is projected to report earnings of $4.49 per share, which would represent a year-over-year decline of 6.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.01 billion, up 6.49% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $14.99 per share and revenue of $99.66 billion, which would represent changes of +24.5% and +6.71%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for BA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 3.21% higher. BA is currently a Zacks Rank #2 (Buy).
Investors should also note BA's current valuation metrics, including its Forward P/E ratio of 24.23. This valuation marks a premium compared to its industry's average Forward P/E of 16.02.
It is also worth noting that BA currently has a PEG ratio of 1.76. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BA's industry had an average PEG ratio of 1.45 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 69, putting it in the top 27% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.