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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 $426.18, marking a -0.56% move from the previous day. This move lagged the S&P 500's daily gain of 1.17%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 0.31%.
Coming into today, shares of the aerospace and defense company had gained 10.24% in the past month. In that same time, the Aerospace sector gained 3.63%, while the S&P 500 gained 0.88%.
Lockheed Martin will be looking to display strength as it nears its next earnings release. In that report, analysts expect Lockheed Martin to post earnings of $6.26 per share. This would mark a year-over-year decline of 4.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.8 billion, down 2.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $26.79 per share and revenue of $66.08 billion. These totals would mark changes of +18.38% and -1.44%, respectively, from last year.
Any recent changes to analyst estimates for Lockheed Martin should also be noted by investors. These revisions help to show the ever-changing nature of 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.01% lower. Lockheed Martin currently has a Zacks Rank of #3 (Hold).
Investors should also note Lockheed Martin's current valuation metrics, including its Forward P/E ratio of 16. Its industry sports an average Forward P/E of 18.69, so we one might conclude that Lockheed Martin is trading at a discount comparatively.
Meanwhile, LMT's PEG ratio is currently 2.82. 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. Aerospace - Defense stocks are, on average, holding a PEG ratio of 2.81 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
Be sure to follow all of these stock-moving metrics, and many more, on 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 $426.18, marking a -0.56% move from the previous day. This move lagged the S&P 500's daily gain of 1.17%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 0.31%.
Coming into today, shares of the aerospace and defense company had gained 10.24% in the past month. In that same time, the Aerospace sector gained 3.63%, while the S&P 500 gained 0.88%.
Lockheed Martin will be looking to display strength as it nears its next earnings release. In that report, analysts expect Lockheed Martin to post earnings of $6.26 per share. This would mark a year-over-year decline of 4.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.8 billion, down 2.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $26.79 per share and revenue of $66.08 billion. These totals would mark changes of +18.38% and -1.44%, respectively, from last year.
Any recent changes to analyst estimates for Lockheed Martin should also be noted by investors. These revisions help to show the ever-changing nature of 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.01% lower. Lockheed Martin currently has a Zacks Rank of #3 (Hold).
Investors should also note Lockheed Martin's current valuation metrics, including its Forward P/E ratio of 16. Its industry sports an average Forward P/E of 18.69, so we one might conclude that Lockheed Martin is trading at a discount comparatively.
Meanwhile, LMT's PEG ratio is currently 2.82. 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. Aerospace - Defense stocks are, on average, holding a PEG ratio of 2.81 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.