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Lockheed Martin (LMT) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $480.39, marking a +1.58% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.7%.
The stock of aerospace and defense company has risen by 5.99% in the past month, leading the Aerospace sector's gain of 4.93% and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. On that day, Lockheed Martin is projected to report earnings of $6.33 per share, which would represent a year-over-year decline of 7.46%. In the meantime, our current consensus estimate forecasts the revenue to be $18.53 billion, indicating a 8.31% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.86 per share and a revenue of $74.21 billion, representing changes of -23.22% and +4.46%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.28% higher. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Lockheed Martin is currently exchanging hands at a Forward P/E ratio of 21.63. This signifies a discount in comparison to the average Forward P/E of 24.64 for its industry.
Meanwhile, LMT's PEG ratio is currently 2.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 2.1.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Lockheed Martin (LMT) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $480.39, marking a +1.58% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.7%.
The stock of aerospace and defense company has risen by 5.99% in the past month, leading the Aerospace sector's gain of 4.93% and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. On that day, Lockheed Martin is projected to report earnings of $6.33 per share, which would represent a year-over-year decline of 7.46%. In the meantime, our current consensus estimate forecasts the revenue to be $18.53 billion, indicating a 8.31% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.86 per share and a revenue of $74.21 billion, representing changes of -23.22% and +4.46%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.28% higher. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Lockheed Martin is currently exchanging hands at a Forward P/E ratio of 21.63. This signifies a discount in comparison to the average Forward P/E of 24.64 for its industry.
Meanwhile, LMT's PEG ratio is currently 2.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 2.1.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.