Boeing (BA) closed the last trading day at $160.07, down 1.74% from the previous trading session. This change lagged the S&P 500’s daily gain of 0.45%. The Dow lost 0.23%, while the tech-heavy Nasdaq gained 0.84%.
To date, the aircraft manufacturer’s shares had lost 0.74% over the past month. During the same period, the aerospace sector gained 3.55%, while the S&P 500 gained 2.54%.
The investment community will be closely watching Boeing’s performance in its upcoming earnings report. The company is expected to report earnings per share of -$0.50, up 84.66% from the year-ago quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.05 billion, up 10.75% from the year-ago period.
For the full fiscal year, the Zacks Consensus Estimates are projecting earnings of -$4.26 per share and revenue of $76.1 billion, representing changes of +26.68% and -2.17%, respectively, from the prior year.
Investors should also pay attention to any recent revisions to analyst estimates for Boeing. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Research shows that these estimate changes are directly correlated with near-term stock price momentum. To capitalize on this, we have developed the Zacks Rank, a proprietary model that incorporates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell) and has a proven, outside-audited track record, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 12.47% lower. Boeing currently holds a Zacks Rank of #3 (Hold).
The Aerospace & Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 28, putting it in the top 12% 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% of industries outperform the bottom half by a factor of 2 to 1.
For more information on all of these metrics and more, visit Zacks.com.
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The Boeing Company (BA): Free Stock Analysis Report
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