Boeing Stock Lags Broader Market Ahead of Q3 Earnings Despite Forecast of Strong Profit Growth

Boeing (BA) stock closed higher but lagged the broader market on latest trading day
Boeing is scheduled to report Q3 earnings on October 25, with forecasts calling for a strong YoY improvement
However, Boeing's earnings estimates have declined sharply in recent weeks, signaling a deteriorating outlook
Boeing stock has significantly underperformed the market over the past month amid Aerospace sector weakness
Boeing currently has a Zacks Rank of #3 (Hold) based on tempered analyst sentiment and forecast revisions