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Boeing (BA) Gains As Market Dips: What You Should Know

Zacks Equity Research

In the latest trading session, Boeing (BA) closed at $149.82, marking a +0.2% move from the previous day. This move outpaced the S&P 500's daily loss of 0.21%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq lost 0.46%.

Investors will be hoping for strength from BA as it approaches its next earnings release. In that report, analysts expect BA to post earnings of -$2.28 per share. This would mark a year-over-year decline of 178.08%. Meanwhile, our latest consensus estimate is calling for revenue of $13.89 billion, down 11.82% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$5.05 per share and revenue of $68.21 billion. These totals would mark changes of -45.53% and -10.91%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for BA. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 48% lower within the past month. BA is currently sporting a Zacks Rank of #3 (Hold).

The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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