Heading into today, shares of the airplane builder had lost 3.76% over the past month, lagging the Aerospace sector’s loss of 1.95% and the S&P 500’s gain of 3.07% in that time.
(BA) will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.26, up 118.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.4 billion, up 37.18% from the year-ago period.
(BA)‘s full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $76.95 billion. These results would represent year-over-year changes of +99.1% and +32.31%, respectively.
Investors should also note any recent changes to analyst estimates for (BA). These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 45.26% higher within the past month. (BA) is currently a Zacks Rank #3 (Hold).
The Aerospace – Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.