We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lockheed Martin (LMT) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $459.17, marking a +0.71% move from the previous day. This change outpaced the S&P 500's 0.37% loss on the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the aerospace and defense company had gained 0.04% over the past month, lagging the Aerospace sector's gain of 3.42% and the S&P 500's gain of 7.18% in that time.
Investors will be hoping for strength from Lockheed Martin as it approaches its next earnings release. The company is expected to report EPS of $6.41, up 222.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue 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.
Any recent changes to analyst estimates for Lockheed Martin should also be noted by investors. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant within the past month. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.83. Its industry sports an average Forward P/E of 16.72, so we one might conclude that Lockheed Martin is trading at a premium comparatively.
Meanwhile, LMT's PEG ratio is currently 2.74. 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 1.84 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lockheed Martin (LMT) Gains As Market Dips: What You Should Know
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $459.17, marking a +0.71% move from the previous day. This change outpaced the S&P 500's 0.37% loss on the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the aerospace and defense company had gained 0.04% over the past month, lagging the Aerospace sector's gain of 3.42% and the S&P 500's gain of 7.18% in that time.
Investors will be hoping for strength from Lockheed Martin as it approaches its next earnings release. The company is expected to report EPS of $6.41, up 222.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue 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.
Any recent changes to analyst estimates for Lockheed Martin should also be noted by investors. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant within the past month. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.83. Its industry sports an average Forward P/E of 16.72, so we one might conclude that Lockheed Martin is trading at a premium comparatively.
Meanwhile, LMT's PEG ratio is currently 2.74. 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 1.84 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.