Boeing (BA) Up 15.4% Since Last Earnings Report: Can It Continue?

Boeing's (BA) shares have increased 15.4% in the past month, outperforming the S&P 500, though consensus estimates have shifted -13.36% and it has a Zacks Rank #3 (Hold), suggesting an in-line return in the near term. Within the same industry, GE Aerospace (GE) has gained 16.7% over the past month and carries a Zacks Rank #2 (Buy); GE's last quarter showed revenues of $9 billion (-40.8% year-over-year) and EPS of $1.49 compared to $0.82 a year ago, with an expected EPS of $1.42 for the current quarter (+18.3% year-over-year).

Analysis

Boeing's (BA) stock has appreciated 15.4% in the past month, outperforming the S&P 500, yet this rally occurs amidst a negative 13.36% shift in its consensus estimate and stagnant estimate revisions since its last earnings report. The company's fundamental outlook is weak, underscored by an overall VGM Score of F, encompassing F grades for Growth and Value, and a C for Momentum, leading to a Zacks Rank #3 (Hold) which suggests an in-line market return is expected. This cautious outlook is reflected in a per-ticker sentiment score of -0.45. In contrast, industry peer GE Aerospace (GE) also saw its shares rise 16.7% over the past month. GE reported revenues of $9 billion for the quarter ended March 2025, a significant 40.8% year-over-year decline, but achieved a substantial EPS increase to $1.49 from $0.82. For the current quarter, GE is projected to achieve an EPS of $1.42, an 18.3% year-over-year increase, with its Zacks Consensus Estimate revised upwards by 4.8% in the last 30 days. GE holds a more favorable Zacks Rank #2 (Buy) and a positive per-ticker sentiment of 0.45, although it also carries an F for its overall VGM Score.

Key Decisions for Investors

• Given Boeing's (BA) recent share price rally despite a -13.36% negative shift in consensus estimates, a 'Hold' rating, and poor VGM scores (overall F), investors should be cautious of a potential disconnect between market performance and fundamental outlook.
• GE Aerospace (GE), with a 'Buy' rating, positive earnings estimate revisions (+4.8%), and projected EPS growth (+18.3% YoY), may present a more compelling opportunity within the aerospace-defense sector, notwithstanding its own F-grade VGM score.
• Investors should closely monitor upcoming earnings and guidance from both companies to validate current valuations and assess the sustainability of GE's positive earnings trajectory versus Boeing's challenging estimate environment.