Boeing (BA - Free Report) closed the most recent trading day at $376.54, moving +0.22% from the previous trading session. This change outpaced the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.33%.
Prior to today's trading, shares of the airplane builder had gained 4.27% over the past month. This has outpaced the Aerospace sector's gain of 0.27% and the S&P 500's gain of 0.59% in that time.
Investors will be hoping for strength from BA as it approaches its next earnings release, which is expected to be October 23, 2019. In that report, analysts expect BA to post earnings of $2.17 per share. This would mark a year-over-year decline of 39.39%. Our most recent consensus estimate is calling for quarterly revenue of $20.17 billion, down 19.78% from the year-ago period.
BA's full-year Zacks Consensus Estimates are calling for earnings of $3.73 per share and revenue of $83.85 billion. These results would represent year-over-year changes of -76.7% and -17.09%, respectively.
Investors might also notice recent changes to analyst estimates for BA. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 8.79% 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 100.6. This represents a premium compared to its industry's average Forward P/E of 17.9.
Investors should also note that BA has a PEG ratio of 12.19 right now. 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 was holding an average PEG ratio of 2.03 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.