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Lockheed Martin (LMT) Stock Slides as Market Rises: Facts to Know Before You Trade
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Lockheed Martin (LMT - Free Report) closed the most recent trading day at $459.11, moving -1.03% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.21%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 0.45%.
The stock of aerospace and defense company has risen by 8.99% in the past month, leading the Aerospace sector's gain of 0.08% and the S&P 500's gain of 3.07%.
The investment community will be paying close attention to the earnings performance of Lockheed Martin in its upcoming release. The company is expected to report EPS of $6.33, down 7.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $18.54 billion, up 8.41% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.86 per share and a revenue of $74.23 billion, representing changes of -23.22% and +4.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% higher. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Lockheed Martin is presently trading at a Forward P/E ratio of 21.22. For comparison, its industry has an average Forward P/E of 25.93, which means Lockheed Martin is trading at a discount to the group.
We can also see that LMT currently has a PEG ratio of 2.07. 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. LMT's industry had an average PEG ratio of 1.99 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 28% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.
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Lockheed Martin (LMT) Stock Slides as Market Rises: Facts to Know Before You Trade
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $459.11, moving -1.03% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.21%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 0.45%.
The stock of aerospace and defense company has risen by 8.99% in the past month, leading the Aerospace sector's gain of 0.08% and the S&P 500's gain of 3.07%.
The investment community will be paying close attention to the earnings performance of Lockheed Martin in its upcoming release. The company is expected to report EPS of $6.33, down 7.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $18.54 billion, up 8.41% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.86 per share and a revenue of $74.23 billion, representing changes of -23.22% and +4.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% higher. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Lockheed Martin is presently trading at a Forward P/E ratio of 21.22. For comparison, its industry has an average Forward P/E of 25.93, which means Lockheed Martin is trading at a discount to the group.
We can also see that LMT currently has a PEG ratio of 2.07. 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. LMT's industry had an average PEG ratio of 1.99 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 28% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.