We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Lockheed Martin (LMT - Free Report) closed at $378.35 in the latest trading session, marking a +1.32% move from the prior day. This move outpaced the S&P 500's daily gain of 0.13%.
Heading into today, shares of the aerospace and defense company had lost 2.23% over the past month, outpacing the Aerospace sector's loss of 2.72% and lagging the S&P 500's gain of 2.16% in that time.
Wall Street will be looking for positivity from LMT as it approaches its next earnings report date. The company is expected to report EPS of $6.52, up 6.36% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $16.9 billion, up 4.21% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $26.74 per share and revenue of $68.28 billion. These results would represent year-over-year changes of +9.14% and +4.41%, respectively.
Investors might also notice recent changes to analyst estimates for LMT. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. LMT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, LMT is currently trading at a Forward P/E ratio of 13.97. This valuation marks a discount compared to its industry's average Forward P/E of 16.63.
Investors should also note that LMT has a PEG ratio of 3.06 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
Lockheed Martin (LMT - Free Report) closed at $378.35 in the latest trading session, marking a +1.32% move from the prior day. This move outpaced the S&P 500's daily gain of 0.13%.
Heading into today, shares of the aerospace and defense company had lost 2.23% over the past month, outpacing the Aerospace sector's loss of 2.72% and lagging the S&P 500's gain of 2.16% in that time.
Wall Street will be looking for positivity from LMT as it approaches its next earnings report date. The company is expected to report EPS of $6.52, up 6.36% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $16.9 billion, up 4.21% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $26.74 per share and revenue of $68.28 billion. These results would represent year-over-year changes of +9.14% and +4.41%, respectively.
Investors might also notice recent changes to analyst estimates for LMT. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. LMT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, LMT is currently trading at a Forward P/E ratio of 13.97. This valuation marks a discount compared to its industry's average Forward P/E of 16.63.
Investors should also note that LMT has a PEG ratio of 3.06 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.