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Lockheed Martin (LMT) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Lockheed Martin (LMT - Free Report) was up +2.19% at $617.64. This move outpaced the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 1.16%.
The aerospace and defense company's stock has dropped by 9.5% in the past month, exceeding the Aerospace sector's loss of 11.19% and lagging the S&P 500's loss of 4.99%.
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 $6.73 per share, which would represent a year-over-year decline of 7.55%. Simultaneously, our latest consensus estimate expects the revenue to be $18.21 billion, showing a 1.38% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $29.93 per share and revenue of $79.11 billion. These totals would mark changes of +29.46% and +5.41%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.39% higher. Lockheed Martin presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 20.19. For comparison, its industry has an average Forward P/E of 22.8, which means Lockheed Martin is trading at a discount to the group.
It is also worth noting that LMT currently has a PEG ratio of 1.09. 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 industry had an average PEG ratio of 2.01 as trading concluded yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Lockheed Martin (LMT) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Lockheed Martin (LMT - Free Report) was up +2.19% at $617.64. This move outpaced the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 1.16%.
The aerospace and defense company's stock has dropped by 9.5% in the past month, exceeding the Aerospace sector's loss of 11.19% and lagging the S&P 500's loss of 4.99%.
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 $6.73 per share, which would represent a year-over-year decline of 7.55%. Simultaneously, our latest consensus estimate expects the revenue to be $18.21 billion, showing a 1.38% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $29.93 per share and revenue of $79.11 billion. These totals would mark changes of +29.46% and +5.41%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.39% higher. Lockheed Martin presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 20.19. For comparison, its industry has an average Forward P/E of 22.8, which means Lockheed Martin is trading at a discount to the group.
It is also worth noting that LMT currently has a PEG ratio of 1.09. 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 industry had an average PEG ratio of 2.01 as trading concluded yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.