Boeing Stock Dips Ahead of Earnings Despite Improved Estimates
• Boeing (BA) stock closed lower despite market gains due to upcoming earnings report and recent estimate revisions
• EPS estimate for upcoming quarter is -$0.75, an improvement of 57% year-over-year
• Revenue estimate for upcoming quarter is $21.08B, a 5.5% increase year-over-year
• Full year earnings estimate is -$5.76 per share, a 47.92% improvement, on $76.86B revenue
• Boeing has a Zacks Rank of 3 (Hold) in the Aerospace - Defense industry, which ranks in the top 22% of industries