Boeing (BA) Falls More Than Wider Markets: What You Should Know
Boeing (BA) closed at $151.82 in the last trading session, recording a -1.2% move from the day before. This change delayed the S&P 500’s daily loss of 1.07%. Meanwhile, the Dow Jones lost 1.07%, and the tech-heavy Nasdaq lost 0.07%.
Before today’s trading, shares of the aircraft builder have lost 7.71% over the past month. This delayed the aviation sector’s loss of 3.77% and the S&P 500’s loss of 3.49% in that time.
Boeing will look to show strength as it nears its next earnings release. In this report, analysts expect Boeing to report earnings of $0.27 per share. This represents an annual growth of 145%. Meanwhile, our latest consensus estimate calls for $18.48 billion in revenue, up 20.94% from the prior year quarter.
For the full year, our Zacks Consensus estimates expect earnings of -$1.90 per share and revenue of $71.53 billion, which would represent changes of +79.87% and +14.84%, respectively, from the prior year.
It’s also important to note recent changes in analyst estimates for Boeing. Recent reviews tend to reflect the latest near-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.
Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.
The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). It has an impressive, externally audited track record of success, with the No. 1 stock having averaged a +25% annual return since 1988. Over the past month, Zacks Consensus EPS estimate has remained flat. Boeing has a Zacks rating of No. 3 (Hold) at the moment.
The aerospace and defense industry is part of the aviation sector. The industry currently has a Zacks Industry Rating of 144, placing it in the lowest 43% of all 250+ industries.
Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of individual stocks within the groups. Our research shows that the top 50% ranked industries outperform the bottom half by a factor of 2 to 1.
You can find more information about all of these metrics and more at Zacks.com.
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The Boeing Company (BA): Free Stock Analysis Report
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