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Boeing (BA) Stock Moves -1.01%: What You Should Know
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Boeing (BA - Free Report) closed at $317.70 in the latest trading session, marking a -1.01% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the airplane builder had lost 9.84% over the past month. This has lagged the Aerospace sector's loss of 7.69% and the S&P 500's loss of 2.57% 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 $4.51 per share, which would represent a year-over-year decline of 6.04%. Meanwhile, our latest consensus estimate is calling for revenue of $26.96 billion, up 6.28% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of $15.05 per share and revenue of $99.85 billion. These results would represent year-over-year changes of +25% and +6.92%, respectively.
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 a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 3.25% higher within the past month. BA is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 21.32 right now. This represents a premium compared to its industry's average Forward P/E of 15.39.
Investors should also note that BA has a PEG ratio of 1.6 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Boeing (BA) Stock Moves -1.01%: What You Should Know
Boeing (BA - Free Report) closed at $317.70 in the latest trading session, marking a -1.01% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the airplane builder had lost 9.84% over the past month. This has lagged the Aerospace sector's loss of 7.69% and the S&P 500's loss of 2.57% 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 $4.51 per share, which would represent a year-over-year decline of 6.04%. Meanwhile, our latest consensus estimate is calling for revenue of $26.96 billion, up 6.28% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of $15.05 per share and revenue of $99.85 billion. These results would represent year-over-year changes of +25% and +6.92%, respectively.
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 a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 3.25% higher within the past month. BA is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 21.32 right now. This represents a premium compared to its industry's average Forward P/E of 15.39.
Investors should also note that BA has a PEG ratio of 1.6 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.