In the latest trading session, Boeing (BA - Free Report) closed at $381.73, marking a +1.67% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.05%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.3%.
Heading into today, shares of the airplane builder had gained 0.85% over the past month, lagging the Aerospace sector's gain of 1.79% and the S&P 500's gain of 3.08% 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 April 24, 2019. In that report, analysts expect BA to post earnings of $3.33 per share. This would mark a year-over-year decline of 8.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.16 billion, down 0.96% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $17.07 per share and revenue of $104.41 billion, which would represent changes of +6.62% and +3.25%, respectively, from the prior year.
Any recent changes to analyst estimates for BA should also be noted by investors. 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. 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. The Zacks Consensus EPS estimate has moved 15.18% lower within the past month. BA currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BA currently has a Forward P/E ratio of 22. This represents a premium compared to its industry's average Forward P/E of 14.74.
We can also see that BA currently has a PEG ratio of 1.97. 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. BA's industry had an average PEG ratio of 1.6 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% 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.