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Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $304.29, moving +1.38% from the previous trading session. This change outpaced the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.27%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the aerospace and defense company had lost 2.99% over the past month, outpacing the Aerospace sector's loss of 6.65% and lagging the S&P 500's gain of 1.92% in that time.
LMT will be looking to display strength as it nears its next earnings release. In that report, analysts expect LMT to post earnings of $4.30 per share. This would mark year-over-year growth of 6.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.65 billion, up 8.69% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $19.46 per share and revenue of $56.82 billion. These results would represent year-over-year changes of +10.63% and +5.68%, respectively.
Any recent changes to analyst estimates for LMT should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that LMT has a Forward P/E ratio of 15.42 right now. For comparison, its industry has an average Forward P/E of 14.34, which means LMT is trading at a premium to the group.
Investors should also note that LMT has a PEG ratio of 2.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.49 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $304.29, moving +1.38% from the previous trading session. This change outpaced the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.27%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the aerospace and defense company had lost 2.99% over the past month, outpacing the Aerospace sector's loss of 6.65% and lagging the S&P 500's gain of 1.92% in that time.
LMT will be looking to display strength as it nears its next earnings release. In that report, analysts expect LMT to post earnings of $4.30 per share. This would mark year-over-year growth of 6.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.65 billion, up 8.69% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $19.46 per share and revenue of $56.82 billion. These results would represent year-over-year changes of +10.63% and +5.68%, respectively.
Any recent changes to analyst estimates for LMT should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that LMT has a Forward P/E ratio of 15.42 right now. For comparison, its industry has an average Forward P/E of 14.34, which means LMT is trading at a premium to the group.
Investors should also note that LMT has a PEG ratio of 2.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.49 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.