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Lockheed Martin (LMT) Rises Higher Than Market: Key Facts
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In the latest close session, Lockheed Martin (LMT - Free Report) was up +1.13% at $446.80. This move outpaced the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.17%.
The stock of aerospace and defense company has fallen by 8.9% in the past month, lagging the Aerospace sector's loss of 5.91% and the S&P 500's loss of 0.06%.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. In that report, analysts expect Lockheed Martin to post earnings of $6.64 per share. This would mark a year-over-year decline of 13.43%. Meanwhile, our latest consensus estimate is calling for revenue of $19.64 billion, up 5.46% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $22.22 per share and a revenue of $74.4 billion, representing changes of -21.95% and +4.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. Currently, Lockheed Martin is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Lockheed Martin is presently trading at a Forward P/E ratio of 19.89. This indicates a discount in contrast to its industry's Forward P/E of 26.54.
It is also worth noting that LMT currently has a PEG ratio of 1.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense was holding an average PEG ratio of 1.92 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 Zacks.com.
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Lockheed Martin (LMT) Rises Higher Than Market: Key Facts
In the latest close session, Lockheed Martin (LMT - Free Report) was up +1.13% at $446.80. This move outpaced the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.17%.
The stock of aerospace and defense company has fallen by 8.9% in the past month, lagging the Aerospace sector's loss of 5.91% and the S&P 500's loss of 0.06%.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. In that report, analysts expect Lockheed Martin to post earnings of $6.64 per share. This would mark a year-over-year decline of 13.43%. Meanwhile, our latest consensus estimate is calling for revenue of $19.64 billion, up 5.46% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $22.22 per share and a revenue of $74.4 billion, representing changes of -21.95% and +4.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. Currently, Lockheed Martin is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Lockheed Martin is presently trading at a Forward P/E ratio of 19.89. This indicates a discount in contrast to its industry's Forward P/E of 26.54.
It is also worth noting that LMT currently has a PEG ratio of 1.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense was holding an average PEG ratio of 1.92 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 Zacks.com.