Netflix Inc (NFLX), The Boeing Company (BA), and Seven Stocks With Surging Earnings Estimates

The Boeing Company (NYSE:BA)
It’s very rare to see estimates for a large company like Boeing fluctuate 23% in 90 days, but that’s exactly what has happened to the aerospace giant’s 2013 estimate in the past three months, jumping from $5.20 to $6.37. Those upward revisions are being driven by a number of Boeing’s initiatives, particularly the Dreamliner. The Dreamliner entered the market years late and recently endured a damaging battery recall, but investors remain confident the airliner will be a big moneymaker for The Boeing Company (NYSE:BA).

Analysts are looking for earnings growth of 14% in 2014 and a five-year growth rate of 11%. Boeing is up 15% on the year, but with a forward P/E ratio of 14 — which is well below its 10-year average of 18 and in line with the S&P 500 — its shares don’t look overvalued. And with a dividend yield of 2.3%, The Boeing Company (NYSE:BA) is a shareholder-friendly company.

Risks to Consider: Although valuation still looks good, some of those higher expectations on rising estimates could already be priced into shares.

Action to Take –> These are the seven stocks with the largest upward revisions in estimates going into first-quarter earnings. That is a very bullish signal, given analysts aren’t overly optimistic and some early results have been disappointing, making these stocks great candidates to deliver big earning surprises. From the group, my two top picks are Netflix, Inc. (NASDAQ:NFLX) because of its incredible upward momentum and The Boeing Company (NYSE:BA) because of its valuation and dividend.

This article was originally written by Michael Vodicka, and posted on StreetAuthority.