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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 $190.94, marking a +0.75% move from the previous day. This change lagged the S&P 500's 0.83% gain on the day. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 1.43%.
Investors will be hoping for strength from BA as it approaches its next earnings release. In that report, analysts expect BA to post earnings of -$2.35 per share. This would mark a year-over-year decline of 180.48%. Meanwhile, our latest consensus estimate is calling for revenue of $14.01 billion, down 11.05% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$5.57 per share and revenue of $66.52 billion. These results would represent year-over-year changes of -60.52% and -13.11%, respectively.
Any recent changes to analyst estimates for BA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 10.34% lower. BA is currently sporting 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 151, which puts it in the bottom 41% 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.
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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 $190.94, marking a +0.75% move from the previous day. This change lagged the S&P 500's 0.83% gain on the day. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 1.43%.
Investors will be hoping for strength from BA as it approaches its next earnings release. In that report, analysts expect BA to post earnings of -$2.35 per share. This would mark a year-over-year decline of 180.48%. Meanwhile, our latest consensus estimate is calling for revenue of $14.01 billion, down 11.05% from the prior-year quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$5.57 per share and revenue of $66.52 billion. These results would represent year-over-year changes of -60.52% and -13.11%, respectively.
Any recent changes to analyst estimates for BA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 10.34% lower. BA is currently sporting 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 151, which puts it in the bottom 41% 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.