Send me real-time posts from this site at my email
Zacks

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

In the latest trading session, Boeing (BA) closed at $220.87, marking a -0.75% move from the previous day. This change lagged the S&P 500's daily gain of 0.2%.

Prior to today's trading, shares of the airplane builder had lost 8.63% over the past month. This has lagged the Aerospace sector's loss of 4.15% and the S&P 500's gain of 3.28% in that time.

BA will be looking to display strength as it nears its next earnings release, which is expected to be July 28, 2021. In that report, analysts expect BA to post earnings of -$0.65 per share. This would mark year-over-year growth of 86.43%. Meanwhile, our latest consensus estimate is calling for revenue of $17.03 billion, up 44.21% from the prior-year quarter.

BA's full-year Zacks Consensus Estimates are calling for earnings of -$1.15 per share and revenue of $76.88 billion. These results would represent year-over-year changes of +95.05% and +32.19%, respectively.

It is also important to note the recent changes to analyst estimates for BA. These revisions help to show the ever-changing nature of 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, 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. The Zacks Consensus EPS estimate has moved 57.63% lower 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 112, putting it in the top 45% 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.

To follow BA in the coming trading sessions, be sure to utilize Zacks.com.


Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The Boeing Company (BA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue