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Boeing (BA) Gains But Lags Market: What You Should Know
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In the latest trading session, Boeing (BA - Free Report) closed at $183.73, marking a +0.27% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%.
The the stock of airplane builder has fallen by 1.22% in the past month, leading the Aerospace sector's loss of 4.44% and undershooting the S&P 500's gain of 4.44%.
Analysts and investors alike will be keeping a close eye on the performance of Boeing in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2024. The company's upcoming EPS is projected at -$1, signifying a 21.95% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $18.13 billion, down 8.21% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.68 per share and a revenue of $78.25 billion, demonstrating changes of +71.08% and +0.58%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Boeing. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 25.56% downward. As of now, Boeing holds a Zacks Rank of #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 101, placing it within the top 41% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Boeing (BA) Gains But Lags Market: What You Should Know
In the latest trading session, Boeing (BA - Free Report) closed at $183.73, marking a +0.27% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%.
The the stock of airplane builder has fallen by 1.22% in the past month, leading the Aerospace sector's loss of 4.44% and undershooting the S&P 500's gain of 4.44%.
Analysts and investors alike will be keeping a close eye on the performance of Boeing in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2024. The company's upcoming EPS is projected at -$1, signifying a 21.95% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $18.13 billion, down 8.21% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.68 per share and a revenue of $78.25 billion, demonstrating changes of +71.08% and +0.58%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Boeing. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 25.56% downward. As of now, Boeing holds a Zacks Rank of #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 101, placing it within the top 41% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.