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Lockheed Martin (LMT) Gains As Market Dips: What You Should Know

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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $452.72, moving +0.02% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.73%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 7.92%.

Prior to today's trading, shares of the aerospace and defense company had lost 4.83% over the past month. This has lagged the Aerospace sector's loss of 4.64% and the S&P 500's gain of 0.5% in that time.

Wall Street will be looking for positivity from Lockheed Martin as it approaches its next earnings report date. In that report, analysts expect Lockheed Martin to post earnings of $6.41 per share. This would mark year-over-year growth of 222.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.78 billion, up 2.15% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $27.09 per share and revenue of $65.76 billion. These totals would mark changes of -0.51% and -0.34%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Lockheed Martin. 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.

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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 16.71. For comparison, its industry has an average Forward P/E of 15.66, which means Lockheed Martin is trading at a premium to the group.

Meanwhile, LMT's PEG ratio is currently 2.72. 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 1.75 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 106, which puts it in the top 43% 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.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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