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Lockheed Martin (LMT) Stock Falls Amid Market Uptick: What Investors Need to Know
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Lockheed Martin (LMT - Free Report) ended the recent trading session at $616.25, demonstrating a -1.78% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 1.38%, and the Nasdaq, a tech-heavy index, added 1.38%.
The stock of aerospace and defense company has fallen by 4.68% in the past month, leading the Aerospace sector's loss of 8.81% and the S&P 500's loss of 5.69%.
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. Our most recent consensus estimate is calling for quarterly revenue of $18.21 billion, up 1.38% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.93 per share and a revenue of $79.11 billion, indicating changes of +29.46% and +5.41%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.39% increase. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 20.96. This valuation marks a discount compared to its industry average Forward P/E of 23.75.
It's also important to note that LMT currently trades at a PEG ratio of 1.13. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 2.02.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
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) Stock Falls Amid Market Uptick: What Investors Need to Know
Lockheed Martin (LMT - Free Report) ended the recent trading session at $616.25, demonstrating a -1.78% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 1.38%, and the Nasdaq, a tech-heavy index, added 1.38%.
The stock of aerospace and defense company has fallen by 4.68% in the past month, leading the Aerospace sector's loss of 8.81% and the S&P 500's loss of 5.69%.
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. Our most recent consensus estimate is calling for quarterly revenue of $18.21 billion, up 1.38% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.93 per share and a revenue of $79.11 billion, indicating changes of +29.46% and +5.41%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.39% increase. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 20.96. This valuation marks a discount compared to its industry average Forward P/E of 23.75.
It's also important to note that LMT currently trades at a PEG ratio of 1.13. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 2.02.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
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.