In the last trading session, Boeing (BA) closed at US $ 265.63, marking a variation of -1.32% in relation to the previous day. This move was behind the 0.65% daily gain of the S&P 500. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a high-tech index, added 1.05%.
Arriving today, the shares of the aircraft builder had appreciated 27.78% last month. In the same period, the aerospace sector gained 8.17%, while the S&P 500 gained 0.36%.
Investors hope to gain strength from BA as it approaches its next earnings release. On that day, BA is projected to report earnings of – $ 1.20 per share, which would represent a 29.41% year-over-year growth. Meanwhile, Zacks’ consensus estimate for revenue is projecting net sales of $ 15.11 billion, down 10.64% from the same period last 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 reviews tend to reflect the evolving nature of short-term business trends. As such, revisions to positive estimates reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe that these revisions of estimates are directly related to inventory movements close to the team. We developed Zacks Rank to capitalize on this phenomenon. Our system takes these estimation changes into account and offers a clear and practical classification model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks rating system has a proven track record of superior performance, with external auditing, with shares # 1 returning an average of + 25% per year since 1988. The Zacks Consensus EPS estimate fell 0.97% last month. BA is currently sporting a Zacks rating of # 4 (for sale).
The Aerospace – Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 223, placing it among the last 13% of all 250+ industries.
The Zacks Industry Rank measures 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 the sectors outperform the bottom half by a factor of 2 to 1.
You can find more information about all these metrics and more at Zacks.com.
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The Boeing Company (BA): Free stock analysis report
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