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

Boeing stock (NYSE:BA)

Boeing stock (NYSE:BA) finished at $149.78 in the most recent trading session, a +0.35% increase from the previous day. This move exceeded the S&P 500s daily loss of 1.13%. The Dow fell 0.56%, while the Nasdaq gained 0.03%.

Market Valuation

Boeing stock (NYSE:BA) has dropped 10.73% in the previous month as of today. During the same period, the Aerospace sector fell 6.17%, while the S&P 500 fell 7.59%.

Boeings upcoming earnings report will be closely watched by investors. The firm is predicted to announce earnings per share of $0.21, up 135% from the prior-year quarter. Meanwhile, our most recent average forecast predicts sales of $18.48 billion, a 20.94% increase over the prior-year quarter.

In terms of the entire year, our Zacks Consensus Estimates show analysts anticipating profits of-$1.95 per share and sales of $71.53 billion. These figures represent increases of +79.34% and +14.84%, respectively, over the previous year.

Investors may also note recent revisions in analyst forecasts for Boeing stock (NYSE:BA). These latest modifications likely reflect the changing nature of short-term business trends. With this in mind, we might interpret positive estimate revisions as a sign of confidence about the companys business prospects.

According to research, these estimate adjustments are closely connected with near-term share price momentum. Using the Zacks Rank, investors may profit from this. This approach takes these estimate changes into account and gives a straightforward, actionable scoring system.

The Zacks Rank methodology has an excellent outside-audited track record of outperformance, with #1 stocks earning an average yearly return of +25% since 1988. Our consensus EPS prediction has fallen 2.63% in the last 30 days. Boeing has a Zacks Rank of #3 right now (Hold).

Aerospace-Defense is a subset of the Aerospace industry. This industry has a Zacks Industry Rank of 83, which puts it in the top 33% of all 250+ industries.

The Zacks Industry Rank measures the average Zacks Rank of the various companies within our industry categories to determine their strength. According to our analysis, the top 50% of graded industries outperform the bottom half by a ratio of two.

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Author: Okoro Chinedu
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Gazette Source journalist was involved in the writing and production of this article.