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Why Lockheed Martin (LMT) Outpaced the Stock Market Today
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In the latest close session, Lockheed Martin (LMT - Free Report) was up +1.99% at $483.57. The stock outpaced the S&P 500's daily gain of 0.64%. Meanwhile, the Dow experienced a rise of 0.47%, and the technology-dominated Nasdaq saw an increase of 0.52%.
The aerospace and defense company's shares have seen an increase of 2.9% over the last month, not keeping up with the Aerospace sector's gain of 5.12% and the S&P 500's gain of 3%.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. It is anticipated that the company will report an EPS of $6.39, marking a 16.69% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $19.65 billion, indicating a 5.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $22 per share and a revenue of $74.4 billion, demonstrating changes of -22.73% and +4.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.05% lower. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
Investors should also note Lockheed Martin's current valuation metrics, including its Forward P/E ratio of 21.56. This represents a discount compared to its industry average Forward P/E of 22.33.
Investors should also note that LMT has a PEG ratio of 1.81 right now. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 99, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Why Lockheed Martin (LMT) Outpaced the Stock Market Today
In the latest close session, Lockheed Martin (LMT - Free Report) was up +1.99% at $483.57. The stock outpaced the S&P 500's daily gain of 0.64%. Meanwhile, the Dow experienced a rise of 0.47%, and the technology-dominated Nasdaq saw an increase of 0.52%.
The aerospace and defense company's shares have seen an increase of 2.9% over the last month, not keeping up with the Aerospace sector's gain of 5.12% and the S&P 500's gain of 3%.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. It is anticipated that the company will report an EPS of $6.39, marking a 16.69% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $19.65 billion, indicating a 5.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $22 per share and a revenue of $74.4 billion, demonstrating changes of -22.73% and +4.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.05% lower. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
Investors should also note Lockheed Martin's current valuation metrics, including its Forward P/E ratio of 21.56. This represents a discount compared to its industry average Forward P/E of 22.33.
Investors should also note that LMT has a PEG ratio of 1.81 right now. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 99, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.