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Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $454.57, moving +0.36% from the previous trading session. This change lagged the S&P 500's 1.1% gain on the day. Meanwhile, the Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added 1.59%.
Prior to today's trading, shares of the aerospace and defense company had lost 0.27% over the past month. This has was narrower than the Aerospace sector's loss of 1.86% and the S&P 500's loss of 3.13% in that time.
Wall Street will be looking for positivity from Lockheed Martin as it approaches its next earnings report date. The company is expected to report EPS of $6.71, down 2.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.65 billion, up 0.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $27.16 per share and revenue of $66.56 billion. These totals would mark changes of -0.26% and +0.87%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Lockheed Martin is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Lockheed Martin has a Forward P/E ratio of 16.68 right now. Its industry sports an average Forward P/E of 16.68, so we one might conclude that Lockheed Martin is trading at a no noticeable deviation comparatively.
It is also worth noting that LMT currently has a PEG ratio of 2.57. 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. LMT's industry had an average PEG ratio of 1.91 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $454.57, moving +0.36% from the previous trading session. This change lagged the S&P 500's 1.1% gain on the day. Meanwhile, the Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added 1.59%.
Prior to today's trading, shares of the aerospace and defense company had lost 0.27% over the past month. This has was narrower than the Aerospace sector's loss of 1.86% and the S&P 500's loss of 3.13% in that time.
Wall Street will be looking for positivity from Lockheed Martin as it approaches its next earnings report date. The company is expected to report EPS of $6.71, down 2.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.65 billion, up 0.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $27.16 per share and revenue of $66.56 billion. These totals would mark changes of -0.26% and +0.87%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Lockheed Martin is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Lockheed Martin has a Forward P/E ratio of 16.68 right now. Its industry sports an average Forward P/E of 16.68, so we one might conclude that Lockheed Martin is trading at a no noticeable deviation comparatively.
It is also worth noting that LMT currently has a PEG ratio of 2.57. 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. LMT's industry had an average PEG ratio of 1.91 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.