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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 $461.74, moving -0.27% from the previous trading session. This move lagged the S&P 500's daily gain of 0.34%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 8.98%.
Heading into today, shares of the aerospace and defense company had lost 4.57% over the past month, lagging the Aerospace sector's gain of 1.54% and the S&P 500's gain of 1% in that time.
Lockheed Martin will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2023. In that report, analysts expect Lockheed Martin to post earnings of $7.40 per share. This would mark year-over-year growth of 2.21%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.25 billion, up 2.94% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% lower within the past month. Lockheed Martin is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.92. This valuation marks a discount compared to its industry's average Forward P/E of 17.83.
Investors should also note that LMT has a PEG ratio of 2.71 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. LMT's industry had an average PEG ratio of 2 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% 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.
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
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $461.74, moving -0.27% from the previous trading session. This move lagged the S&P 500's daily gain of 0.34%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 8.98%.
Heading into today, shares of the aerospace and defense company had lost 4.57% over the past month, lagging the Aerospace sector's gain of 1.54% and the S&P 500's gain of 1% in that time.
Lockheed Martin will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2023. In that report, analysts expect Lockheed Martin to post earnings of $7.40 per share. This would mark year-over-year growth of 2.21%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.25 billion, up 2.94% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% lower within the past month. Lockheed Martin is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.92. This valuation marks a discount compared to its industry's average Forward P/E of 17.83.
Investors should also note that LMT has a PEG ratio of 2.71 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. LMT's industry had an average PEG ratio of 2 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% 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.
To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.