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Lockheed Martin (LMT) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $448.40, marking a -0.87% move from the previous day. This change lagged the S&P 500's daily gain of 1.45%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 1.74%.
Heading into today, shares of the aerospace and defense company had gained 1.33% over the past month, outpacing the Aerospace sector's loss of 1.64% and the S&P 500's loss of 3.08% in that time.
Investors will be hoping for strength from Lockheed Martin as it approaches its next earnings release. On that day, Lockheed Martin is projected to report earnings of $6.71 per share, which would represent a year-over-year decline of 2.33%. Meanwhile, our latest consensus estimate is calling for revenue of $16.65 billion, up 0.42% from the prior-year quarter.
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.
Any recent changes to analyst estimates for Lockheed Martin should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.01% lower. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 16.66. For comparison, its industry has an average Forward P/E of 16.66, which means Lockheed Martin is trading at a no noticeable deviation to the group.
We can also see 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. The Aerospace - Defense industry currently had an average PEG ratio of 1.93 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% 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.
To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.
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Lockheed Martin (LMT) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $448.40, marking a -0.87% move from the previous day. This change lagged the S&P 500's daily gain of 1.45%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 1.74%.
Heading into today, shares of the aerospace and defense company had gained 1.33% over the past month, outpacing the Aerospace sector's loss of 1.64% and the S&P 500's loss of 3.08% in that time.
Investors will be hoping for strength from Lockheed Martin as it approaches its next earnings release. On that day, Lockheed Martin is projected to report earnings of $6.71 per share, which would represent a year-over-year decline of 2.33%. Meanwhile, our latest consensus estimate is calling for revenue of $16.65 billion, up 0.42% from the prior-year quarter.
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.
Any recent changes to analyst estimates for Lockheed Martin should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.01% lower. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 16.66. For comparison, its industry has an average Forward P/E of 16.66, which means Lockheed Martin is trading at a no noticeable deviation to the group.
We can also see 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. The Aerospace - Defense industry currently had an average PEG ratio of 1.93 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 32% 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.
To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.