Boeing (BA) closed the most recent trading day at $211.03, moving -0.28% from the previous trading session. This change lagged the S&P 500’s daily gain of 0.57%. Meanwhile, the Dow gained 1.44%, and the Nasdaq, a tech-heavy index, lost 0.61%.
Coming into today, shares of the airplane builder had lost 10.54% in the past month. In that same time, the Aerospace sector lost 5.31%, while the S&P 500 gained 0.83%.
BA will be looking to display strength as it nears its next earnings release. In that report, analysts expect BA to post earnings of -$1.06 per share. This would mark year-over-year growth of 54.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.59 billion, down 18.57% from the year-ago period.
Investors might also notice recent changes to analyst estimates for BA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 535.59% higher. BA currently has a Zacks Rank of #4 (Sell).
Digging into valuation, BA currently has a Forward P/E ratio of 451.48. This represents a premium compared to its industry’s average Forward P/E of 15.84.
Meanwhile, BA’s PEG ratio is currently 112.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Aerospace – Defense stocks are, on average, holding a PEG ratio of 2.14 based on yesterday’s closing prices.
The Aerospace – Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 234, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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The Boeing Company (BA) : Free Stock Analysis Report
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