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Boeing (BA) Exceeds Market Returns: Some Facts to Consider
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Boeing (BA - Free Report) closed at $154.58 in the latest trading session, marking a +1.55% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.
Shares of the airplane builder have depreciated by 10.83% over the course of the past month, underperforming the Aerospace sector's gain of 1.49% and the S&P 500's gain of 1.71%.
Analysts and investors alike will be keeping a close eye on the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.52, showcasing an 84.05% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $19.85 billion, up 9.66% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$4.27 per share and a revenue of $75.71 billion, indicating changes of +26.51% and -2.68%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Boeing. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.33% lower. Boeing is holding a Zacks Rank of #4 (Sell) right now.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Boeing (BA) Exceeds Market Returns: Some Facts to Consider
Boeing (BA - Free Report) closed at $154.58 in the latest trading session, marking a +1.55% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.
Shares of the airplane builder have depreciated by 10.83% over the course of the past month, underperforming the Aerospace sector's gain of 1.49% and the S&P 500's gain of 1.71%.
Analysts and investors alike will be keeping a close eye on the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.52, showcasing an 84.05% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $19.85 billion, up 9.66% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$4.27 per share and a revenue of $75.71 billion, indicating changes of +26.51% and -2.68%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Boeing. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.33% lower. Boeing is holding a Zacks Rank of #4 (Sell) right now.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.