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.
The most recent trading session ended with Boeing (BA - Free Report) standing at $165.96, reflecting a +1.13% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.82%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw an increase of 1.77%.
The airplane builder's stock has climbed by 13.04% in the past month, exceeding the Aerospace sector's loss of 4.4% and the S&P 500's gain of 0.8%.
The investment community will be closely monitoring the performance of Boeing in its forthcoming earnings report. The company is predicted to post an EPS of -$2.14, indicating a 355.32% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $18.2 billion, indicating a 17.33% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$16.18 per share and a revenue of $69.53 billion, representing changes of -178.49% and -10.62%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Boeing. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.59% fall in the Zacks Consensus EPS estimate. At present, Boeing boasts a Zacks Rank of #5 (Strong Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 29% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Boeing (BA) Laps the Stock Market: Here's Why
The most recent trading session ended with Boeing (BA - Free Report) standing at $165.96, reflecting a +1.13% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.82%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw an increase of 1.77%.
The airplane builder's stock has climbed by 13.04% in the past month, exceeding the Aerospace sector's loss of 4.4% and the S&P 500's gain of 0.8%.
The investment community will be closely monitoring the performance of Boeing in its forthcoming earnings report. The company is predicted to post an EPS of -$2.14, indicating a 355.32% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $18.2 billion, indicating a 17.33% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$16.18 per share and a revenue of $69.53 billion, representing changes of -178.49% and -10.62%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Boeing. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.59% fall in the Zacks Consensus EPS estimate. At present, Boeing boasts a Zacks Rank of #5 (Strong Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 29% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.