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Lockheed Martin (LMT) Dips More Than Broader Markets: What You Should Know
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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $328.12, moving -1.58% from the previous trading session. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 1.27%, and the tech-heavy Nasdaq lost 2.06%.
Coming into today, shares of the aerospace and defense company had lost 1.74% in the past month. In that same time, the Aerospace sector lost 1.77%, while the S&P 500 lost 2.61%.
LMT will be looking to display strength as it nears its next earnings release, which is expected to be October 23, 2018. In that report, analysts expect LMT to post earnings of $4.32 per share. This would mark year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.14 billion, up 8.02% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $17.01 per share and revenue of $52.62 billion. These results would represent year-over-year changes of +27.61% and +3.08%, respectively.
It is also important to note the recent changes to analyst estimates for LMT. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 0.14% higher. LMT is currently a Zacks Rank #3 (Hold).
Digging into valuation, LMT currently has a Forward P/E ratio of 19.6. This valuation marks a premium compared to its industry's average Forward P/E of 18.34.
Investors should also note that LMT has a PEG ratio of 2.67 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. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.67 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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Lockheed Martin (LMT) Dips More Than Broader Markets: What You Should Know
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $328.12, moving -1.58% from the previous trading session. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 1.27%, and the tech-heavy Nasdaq lost 2.06%.
Coming into today, shares of the aerospace and defense company had lost 1.74% in the past month. In that same time, the Aerospace sector lost 1.77%, while the S&P 500 lost 2.61%.
LMT will be looking to display strength as it nears its next earnings release, which is expected to be October 23, 2018. In that report, analysts expect LMT to post earnings of $4.32 per share. This would mark year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.14 billion, up 8.02% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $17.01 per share and revenue of $52.62 billion. These results would represent year-over-year changes of +27.61% and +3.08%, respectively.
It is also important to note the recent changes to analyst estimates for LMT. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 0.14% higher. LMT is currently a Zacks Rank #3 (Hold).
Digging into valuation, LMT currently has a Forward P/E ratio of 19.6. This valuation marks a premium compared to its industry's average Forward P/E of 18.34.
Investors should also note that LMT has a PEG ratio of 2.67 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. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.67 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.