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Lockheed Martin (LMT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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Lockheed Martin (LMT - Free Report) closed at $613.72 in the latest trading session, marking a -1.63% move from the prior day. This change lagged the S&P 500's daily loss of 0.11%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.35%.

Shares of the aerospace and defense company have depreciated by 4.44% over the course of the past month, outperforming the Aerospace sector's loss of 5.31%, and lagging the S&P 500's gain of 0.51%.

The upcoming earnings release of Lockheed Martin will be of great interest to investors. The company's earnings report is expected on April 23, 2026. 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%. 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 are projecting earnings of $29.95 per share and revenue of $79.11 billion, which would represent changes of +29.54% and +5.41%, respectively, from the prior 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.25% rise in the Zacks Consensus EPS estimate. Lockheed Martin is holding a Zacks Rank of #2 (Buy) right now.

In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 20.83. This represents a discount compared to its industry average Forward P/E of 24.08.

It's also important to note that LMT currently trades at a PEG ratio of 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Aerospace - Defense stocks are, on average, holding a PEG ratio of 2.03 based on yesterday's closing prices.

The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 40% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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