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Here's Why Lockheed Martin (LMT) Fell More Than Broader Market
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In the latest close session, Lockheed Martin (LMT - Free Report) was down 1.58% at $627.43. The stock's change was less than the S&P 500's daily loss of 1.51%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
Prior to today's trading, shares of the aerospace and defense company had lost 4.35% was narrower than the Aerospace sector's loss of 6.83% and lagged the S&P 500's loss of 3.63%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. The company is expected to report EPS of $6.73, down 7.55% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $18.21 billion, reflecting a 1.38% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $29.93 per share and a revenue of $79.11 billion, demonstrating changes of +29.46% and +5.41%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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 shifted 0.39% upward. As of now, Lockheed Martin holds a Zacks Rank of #3 (Hold).
In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 21.3. For comparison, its industry has an average Forward P/E of 24.36, which means Lockheed Martin is trading at a discount to the group.
Meanwhile, LMT's PEG ratio is currently 1.15. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.05 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Here's Why Lockheed Martin (LMT) Fell More Than Broader Market
In the latest close session, Lockheed Martin (LMT - Free Report) was down 1.58% at $627.43. The stock's change was less than the S&P 500's daily loss of 1.51%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
Prior to today's trading, shares of the aerospace and defense company had lost 4.35% was narrower than the Aerospace sector's loss of 6.83% and lagged the S&P 500's loss of 3.63%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. The company is expected to report EPS of $6.73, down 7.55% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $18.21 billion, reflecting a 1.38% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $29.93 per share and a revenue of $79.11 billion, demonstrating changes of +29.46% and +5.41%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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 shifted 0.39% upward. As of now, Lockheed Martin holds a Zacks Rank of #3 (Hold).
In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 21.3. For comparison, its industry has an average Forward P/E of 24.36, which means Lockheed Martin is trading at a discount to the group.
Meanwhile, LMT's PEG ratio is currently 1.15. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.05 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.