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Lockheed Martin (LMT) Stock Sinks As Market Gains: What You Should Know
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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $384.13, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.19%.
Heading into today, shares of the aerospace and defense company had gained 3.38% over the past month, outpacing the Aerospace sector's gain of 2.91% and the S&P 500's gain of 0.37% in that time.
Investors will be hoping for strength from LMT as it approaches its next earnings release. In that report, analysts expect LMT to post earnings of $6.49 per share. This would mark year-over-year growth of 5.87%. Meanwhile, our latest consensus estimate is calling for revenue of $16.89 billion, up 4.16% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $26.66 per share and revenue of $68.26 billion. These totals would mark changes of +8.82% and +4.38%, respectively, from last year.
Any recent changes to analyst estimates for LMT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.5% higher. LMT is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, LMT is holding a Forward P/E ratio of 14.48. This valuation marks a discount compared to its industry's average Forward P/E of 16.79.
It is also worth noting that LMT currently has a PEG ratio of 3.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.91 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Lockheed Martin (LMT) Stock Sinks As Market Gains: What You Should Know
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $384.13, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.19%.
Heading into today, shares of the aerospace and defense company had gained 3.38% over the past month, outpacing the Aerospace sector's gain of 2.91% and the S&P 500's gain of 0.37% in that time.
Investors will be hoping for strength from LMT as it approaches its next earnings release. In that report, analysts expect LMT to post earnings of $6.49 per share. This would mark year-over-year growth of 5.87%. Meanwhile, our latest consensus estimate is calling for revenue of $16.89 billion, up 4.16% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $26.66 per share and revenue of $68.26 billion. These totals would mark changes of +8.82% and +4.38%, respectively, from last year.
Any recent changes to analyst estimates for LMT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.5% higher. LMT is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, LMT is holding a Forward P/E ratio of 14.48. This valuation marks a discount compared to its industry's average Forward P/E of 16.79.
It is also worth noting that LMT currently has a PEG ratio of 3.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.91 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.