Boeing (BA - Free Report) closed the most recent trading day at $374.26, moving +0.53% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.01%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, added 0.12%.
Heading into today, shares of the airplane builder had lost 10.93% over the past month, lagging the Aerospace sector's loss of 5.39% and the S&P 500's gain of 2.24% in that time.
Wall Street will be looking for positivity from BA as it approaches its next earnings report date. The company is expected to report EPS of $4.25, up 16.76% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $25.32 billion, up 8.27% from the year-ago period.
BA's full-year Zacks Consensus Estimates are calling for earnings of $20.13 per share and revenue of $111.16 billion. These results would represent year-over-year changes of +25.73% and +9.92%, respectively.
Investors should also note any recent changes to analyst estimates for BA. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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 remained stagnant. BA is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 18.5 right now. Its industry sports an average Forward P/E of 14.41, so we one might conclude that BA is trading at a premium comparatively.
Also, we should mention that BA has a PEG ratio of 1.43. 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. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.43 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.