Boeing (BA - Free Report) closed at $370.70 in the latest trading session, marking a -0.35% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Prior to today's trading, shares of the airplane builder had gained 1.24% over the past month. This has outpaced the Aerospace sector's loss of 6.7% and the S&P 500's loss of 2.35% in that time.
Investors will be hoping for strength from BA as it approaches its next earnings release, which is expected to be January 30, 2019. The company is expected to report EPS of $4.49, down 6.46% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.01 billion, up 6.49% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.99 per share and revenue of $99.66 billion. These totals would mark changes of +24.5% and +6.71%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BA. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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 24.83. This valuation marks a premium compared to its industry's average Forward P/E of 16.62.
We can also see that BA currently has a PEG ratio of 1.81. 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. The Aerospace - Defense was holding an average PEG ratio of 1.51 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 37, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.