Back to top

Image: Bigstock

Lockheed Martin (LMT) Stock Moves -0.58%: What You Should Know

Read MoreHide Full Article

Lockheed Martin (LMT - Free Report) closed at $430.19 in the latest trading session, marking a -0.58% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.91%. Elsewhere, the Dow lost 2.73%, while the tech-heavy Nasdaq lost 0.25%.

Prior to today's trading, shares of the aerospace and defense company had lost 0.43% over the past month. This has lagged the Aerospace sector's gain of 2.82% and the S&P 500's gain of 0.84% in that time.

Wall Street will be looking for positivity from Lockheed Martin as it approaches its next earnings report date. The company is expected to report EPS of $6.41, down 10.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.25 billion, down 4.6% from the year-ago period.

LMT's full-year Zacks Consensus Estimates are calling for earnings of $26.84 per share and revenue of $66.15 billion. These results would represent year-over-year changes of +18.6% and -1.33%, respectively.

It is also important to note the recent changes to analyst estimates for Lockheed Martin. 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.

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, 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 0.03% higher within the past month. 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 16.12. This valuation marks a discount compared to its industry's average Forward P/E of 17.69.

We can also see that LMT currently has a PEG ratio of 2.84. 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. LMT's industry had an average PEG ratio of 2.1 as of yesterday's close.

The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 230, which puts it in the bottom 10% 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.

Be sure to follow all of these stock-moving metrics, and many more, on

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

Lockheed Martin Corporation (LMT) - free report >>

Published in