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Boeing (BA) Outpaces Stock Market Gains: What You Should Know

·2 min read

Boeing (BA) closed the most recent trading day at $157.79, moving +1.18% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.66%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 0.05%.

Heading into today, shares of the airplane builder had lost 7.73% over the past month, lagging the Aerospace sector's loss of 2.95% and the S&P 500's loss of 3.79% in that time.

Investors will be hoping for strength from Boeing as it approaches its next earnings release. In that report, analysts expect Boeing to post earnings of $0.27 per share. This would mark year-over-year growth of 145%. Our most recent consensus estimate is calling for quarterly revenue of $18.48 billion, up 20.94% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.90 per share and revenue of $71.53 billion. These totals would mark changes of +79.87% and +14.84%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Boeing. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Boeing currently has a Zacks Rank of #3 (Hold).

The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 137, putting it in the bottom 46% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

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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