Boeing (BA - Free Report) closed at $365 in the latest trading session, marking a -1.09% move from the prior day. This change lagged the S&P 500's daily gain of 0.35%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 0.7%.
Prior to today's trading, shares of the airplane builder had lost 1.7% over the past month. This has was narrower than the Aerospace sector's loss of 4.25% and lagged the S&P 500's gain of 5.14% in that time.
BA will be looking to display strength as it nears its next earnings release, which is expected to be April 24, 2019. On that day, BA is projected to report earnings of $3.69 per share, which would represent year-over-year growth of 1.37%. Our most recent consensus estimate is calling for quarterly revenue of $24.27 billion, up 3.81% from the year-ago period.
BA's full-year Zacks Consensus Estimates are calling for earnings of $18.23 per share and revenue of $104.73 billion. These results would represent year-over-year changes of +13.87% and +3.56%, respectively.
Investors might also notice recent changes to analyst estimates for BA. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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 has moved 9.41% lower. BA currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, BA is holding a Forward P/E ratio of 20.24. Its industry sports an average Forward P/E of 14.44, 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 1.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 1.57 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 56, putting it in the top 22% 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.