We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Boeing (BA) Stock Moves 0.91%: What You Should Know
Read MoreHide Full Article
Boeing (BA - Free Report) closed the most recent trading day at $172.26, moving +0.91% from the previous trading session. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Shares of the airplane builder have depreciated by 10.44% over the course of the past month, underperforming the Aerospace sector's gain of 3.2% and the S&P 500's gain of 2.55%.
Market participants will be closely following the financial results of Boeing in its upcoming release. The company's upcoming EPS is projected at -$0.50, signifying an 84.66% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $20.05 billion, showing a 10.75% escalation compared to the year-ago quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$4.26 per share and revenue of $76.1 billion. These results would represent year-over-year changes of +26.68% and -2.17%, respectively.
Investors should also note any recent changes to analyst estimates for Boeing. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an 83.86% decrease. Boeing is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Boeing (BA) Stock Moves 0.91%: What You Should Know
Boeing (BA - Free Report) closed the most recent trading day at $172.26, moving +0.91% from the previous trading session. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Shares of the airplane builder have depreciated by 10.44% over the course of the past month, underperforming the Aerospace sector's gain of 3.2% and the S&P 500's gain of 2.55%.
Market participants will be closely following the financial results of Boeing in its upcoming release. The company's upcoming EPS is projected at -$0.50, signifying an 84.66% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $20.05 billion, showing a 10.75% escalation compared to the year-ago quarter.
BA's full-year Zacks Consensus Estimates are calling for earnings of -$4.26 per share and revenue of $76.1 billion. These results would represent year-over-year changes of +26.68% and -2.17%, respectively.
Investors should also note any recent changes to analyst estimates for Boeing. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an 83.86% decrease. Boeing is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.