In the latest trading session, Boeing (BA - Free Report) closed at $316.13, marking a -0.82% move from the previous day. This change was narrower than the S&P 500's 2.08% loss on the day. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 2.27%.
Coming into today, shares of the airplane builder had lost 6.68% in the past month. In that same time, the Aerospace sector lost 5.52%, while the S&P 500 lost 3.6%.
BA will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect BA to post earnings of $4.51 per share. This would mark a year-over-year decline of 6.04%. Our most recent consensus estimate is calling for quarterly revenue of $26.96 billion, up 6.28% from the year-ago period.
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.
It is also important to note the recent changes to analyst estimates for BA. Recent revisions tend to reflect the latest near-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has moved 0.01% higher. BA currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, BA is holding a Forward P/E ratio of 21.18. Its industry sports an average Forward P/E of 14.9, so we one might conclude that BA is trading at a premium comparatively.
We can also see that BA currently has a PEG ratio of 1.59. 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 1.43 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.