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Boeing (BA) Stock Sinks As Market Gains: What You Should Know
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Boeing (BA - Free Report) closed at $195.46 in the latest trading session, marking a -0.09% move from the prior day. This move lagged the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 0.22%.
Prior to today's trading, shares of the airplane builder had lost 13.91% over the past month. This has lagged the Aerospace sector's loss of 7.29% and the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Boeing as it approaches its next earnings release. In that report, analysts expect Boeing to post earnings of -$1.94 per share. This would mark year-over-year growth of 68.61%. Our most recent consensus estimate is calling for quarterly revenue of $19.54 billion, up 22.44% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$3.20 per share and revenue of $78.6 billion, which would represent changes of +71.07% and +18.01%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Boeing. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 51.45% lower within the past month. Boeing is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Stock Sinks As Market Gains: What You Should Know
Boeing (BA - Free Report) closed at $195.46 in the latest trading session, marking a -0.09% move from the prior day. This move lagged the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 0.22%.
Prior to today's trading, shares of the airplane builder had lost 13.91% over the past month. This has lagged the Aerospace sector's loss of 7.29% and the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Boeing as it approaches its next earnings release. In that report, analysts expect Boeing to post earnings of -$1.94 per share. This would mark year-over-year growth of 68.61%. Our most recent consensus estimate is calling for quarterly revenue of $19.54 billion, up 22.44% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$3.20 per share and revenue of $78.6 billion, which would represent changes of +71.07% and +18.01%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Boeing. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 51.45% lower within the past month. Boeing is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.