Here is What to Know Beyond Why The Boeing Company (BA) is a Trending Stock

21.05.24 15:00 Uhr

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Boeing (BA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this airplane builder have returned +9.5%, compared to the Zacks S&P 500 composite's +7.1% change. During this period, the Zacks Aerospace - Defense industry, which Boeing falls in, has gained 4.6%. The key question now is: What could be the stock's future direction?Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Boeing is expected to post a loss of $0.69 per share for the current quarter, representing a year-over-year change of +15.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -395.4%.For the current fiscal year, the consensus earnings estimate of -$0.60 points to a change of +89.7% from the prior year. Over the last 30 days, this estimate has changed -291%.For the next fiscal year, the consensus earnings estimate of $5.26 indicates a change of +977.4% from what Boeing is expected to report a year ago. Over the past month, the estimate has changed -11.7%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Boeing.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSRevenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of Boeing, the consensus sales estimate of $19.08 billion for the current quarter points to a year-over-year change of -3.4%. The $79.84 billion and $94.62 billion estimates for the current and next fiscal years indicate changes of +2.6% and +18.5%, respectively.Last Reported Results and Surprise HistoryBoeing reported revenues of $16.57 billion in the last reported quarter, representing a year-over-year change of -7.5%. EPS of -$1.13 for the same period compares with -$1.27 a year ago.Compared to the Zacks Consensus Estimate of $17.69 billion, the reported revenues represent a surprise of -6.34%. The EPS surprise was +20.98%.Over the last four quarters, Boeing surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Boeing is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Boeing. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.Buy 5 Stocks BEFORE Election DayBiden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S. Don’t Wait. Download FREE >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Boeing Co.

Analysen zu Boeing Co.

DatumRatingAnalyst
17.06.2024Boeing OutperformRBC Capital Markets
17.06.2024Boeing BuyJefferies & Company Inc.
12.06.2024Boeing BuyGoldman Sachs Group Inc.
12.06.2024Boeing BuyUBS AG
11.06.2024Boeing OutperformRBC Capital Markets
DatumRatingAnalyst
17.06.2024Boeing OutperformRBC Capital Markets
17.06.2024Boeing BuyJefferies & Company Inc.
12.06.2024Boeing BuyGoldman Sachs Group Inc.
12.06.2024Boeing BuyUBS AG
11.06.2024Boeing OutperformRBC Capital Markets
DatumRatingAnalyst
31.01.2024Boeing Equal WeightBarclays Capital
17.01.2024Boeing Equal WeightBarclays Capital
08.01.2024Boeing Equal WeightBarclays Capital
27.12.2023Boeing Equal WeightBarclays Capital
21.12.2023Boeing Equal WeightBarclays Capital
DatumRatingAnalyst
03.01.2023Boeing UnderperformCredit Suisse Group
22.12.2022Boeing UnderperformCredit Suisse Group
03.11.2022Boeing UnderperformCredit Suisse Group
02.11.2022Boeing UnderperformCredit Suisse Group
19.10.2022Boeing UnderperformCredit Suisse Group

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Boeing Co. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"