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Boeing (BA) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Boeing (BA - Free Report) closed at $370.38, marking a -0.02% move from the previous day. This change lagged the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the airplane builder had lost 13.22% in the past month. In that same time, the Aerospace sector lost 7.43%, while the S&P 500 gained 0.28%.
Investors will be hoping for strength from BA as it approaches its next earnings release. On that day, BA is projected to report earnings of $4.25 per share, which would represent year-over-year growth of 16.76%. Our most recent consensus estimate is calling for quarterly revenue of $25.32 billion, up 8.27% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $20.13 per share and revenue of $111.16 billion, which would represent changes of +25.73% and +9.92%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BA. Recent revisions tend to reflect the latest near-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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BA is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 18.41 right now. Its industry sports an average Forward P/E of 14.18, so we one might conclude that BA is trading at a premium comparatively.
Also, we should mention that BA has a PEG ratio of 1.42. 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 1.44 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% 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.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.
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Boeing (BA) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Boeing (BA - Free Report) closed at $370.38, marking a -0.02% move from the previous day. This change lagged the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the airplane builder had lost 13.22% in the past month. In that same time, the Aerospace sector lost 7.43%, while the S&P 500 gained 0.28%.
Investors will be hoping for strength from BA as it approaches its next earnings release. On that day, BA is projected to report earnings of $4.25 per share, which would represent year-over-year growth of 16.76%. Our most recent consensus estimate is calling for quarterly revenue of $25.32 billion, up 8.27% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $20.13 per share and revenue of $111.16 billion, which would represent changes of +25.73% and +9.92%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BA. Recent revisions tend to reflect the latest near-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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BA is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that BA has a Forward P/E ratio of 18.41 right now. Its industry sports an average Forward P/E of 14.18, so we one might conclude that BA is trading at a premium comparatively.
Also, we should mention that BA has a PEG ratio of 1.42. 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 1.44 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% 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.
To follow BA in the coming trading sessions, be sure to utilize Zacks.com.