Boeing (BA) Stock Falls as Market Rises: Know Before You Trade

Recent trade saw Boeing (BA) settle at $201, down 0.07%. This change trailed the S&P 500's 0.51% daily increase. In other news, the Dow rose 0.2% and the tech-heavy Nasdaq rose 0.58%.

This morning, airplane builder shares had fallen 3.57% in the past month. While the S&P 500 gained 2.94%, the aerospace sector gained 2.07%.

Boeing's forthcoming earnings report will be closely watched by investors. On that day, Boeing is expected to report -$0.33 per share, up 74.02% year-over-year. Our latest consensus estimate predicts $20.08 billion in revenue, up 12.02% from last year's comparable quarter.

Zacks Consensus Estimates predict $2.55 per share in earnings and $89.51 billion in revenue for the fiscal year, up 143.89% and 15.06% from the previous year.

Recent Boeing analyst estimate adjustments should also be noted by investors. Recent adjustments reflect near-term business dynamics. Therefore, positive estimate revisions are favorable for the company's business forecast.

Our research reveals that estimate changes affect stock price performance. The Zacks Rank, our proprietary technology, incorporates estimate changes and delivers a functioning grading system.

The independently audited Zacks Rank methodology, from #1 (Strong Buy) to #5 (Strong Sell), has produced an impressive average yearly return of +25% since 1988. The Zacks Consensus EPS forecast fell 14.02% in a month. Boeing's Zacks Rank is #4 (Sell). Boeing trades at 78.94 Forward P/E. This is higher than the industry average Forward P/E of 17.81.

BA's PEG ratio is 19.73. The PEG ratio is similar to the P/E ratio but includes the company's predicted profits growth. The Aerospace-Defense industry's average PEG ratio was 1.89 yesterday. The Aerospace sector includes Defense. The Zacks Industry Rank of 85 places this industry in the top 34% of over 250 industries.