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Lockheed Martin (LMT) Stock Moves -1.55%: What You Should Know

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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $287.71, moving -1.55% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.91%. Elsewhere, the Dow lost 2.02%, while the tech-heavy Nasdaq lost 2.26%.

Coming into today, shares of the aerospace and defense company had lost 4.34% in the past month. In that same time, the Aerospace sector lost 5.05%, while the S&P 500 lost 2.51%.

Investors will be hoping for strength from LMT as it approaches its next earnings release, which is expected to be February 4, 2019. On that day, LMT is projected to report earnings of $4.34 per share, which would represent year-over-year growth of 0.93%. Meanwhile, our latest consensus estimate is calling for revenue of $13.73 billion, down 9.29% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $17.51 per share and revenue of $53.03 billion, which would represent changes of +31.36% and +3.89%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for LMT. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. LMT is currently sporting a Zacks Rank of #2 (Buy).

In terms of valuation, LMT is currently trading at a Forward P/E ratio of 16.69. This valuation marks a premium compared to its industry's average Forward P/E of 15.13.

It is also worth noting that LMT currently has a PEG ratio of 2.78. 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 1.44 as of yesterday's close.

The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 30% 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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