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In the last trading session, Boeing (BA) closed at $ 265.63, marking a movement of -1.32% from the previous day. This move lagged behind the S&P 500’s 0.65% daily gain. Meanwhile, the Dow Jones gained 0.53% and the high-tech Nasdaq added 1.05%.
As of today, the aircraft maker’s shares had gained 27.78% over the past month. At the same time, the aerospace sector gained 8.17%, while the S&P 500 gained 0.36%.
Investors are hoping for BA’s strength as it approaches its next earnings release. On that day, BA is expected to report earnings of – $ 1.20 per share, which would represent year-over-year growth of 29.41%. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 15.11 billion, down 10.64% from the previous year.
Looking at the full year, our Zacks consensus estimates suggest that analysts expect earnings of – $ 0.15 per share and revenue of $ 80.89 billion. These totals would mark changes of + 99.35% and + 39.08%, respectively, compared to last year.
Any recent changes in analysts’ estimates for BA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, the positive revisions to the estimates reflect the optimism of analysts about the business and profitability of the company.
Based on our research, we believe that these estimate revisions are directly related to the stock movements of nearby teams. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), Zacks’ ranking system has a proven and externally audited history of outperformance, with # 1 stocks averaging + 25% per year. year since 1988. Zacks Consensus EPS estimate has fallen 0.97% over the past month. BA currently sports a Zacks rank of # 4 (sell).
The aerospace – defense industry is part of the aerospace sector. This group has a Zacks industry rank of 223, which places it in the bottom 13% of all 250 industries.
The Zacks Industry Rankings assess the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information about all of these measures, and more, at Zacks.com.
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The Boeing Company (BA): Free Inventory Analysis Report
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