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Lockheed Martin (LMT) Stock Declines While Market Improves: Some Information for Investors
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Lockheed Martin (LMT - Free Report) closed at $510.95 in the latest trading session, marking a -4.01% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.91%.
The stock of aerospace and defense company has risen by 1.86% in the past month, lagging the Aerospace sector's gain of 10.21% and overreaching the S&P 500's gain of 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. On that day, Lockheed Martin is projected to report earnings of $7.09 per share, which would represent a year-over-year decline of 2.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.41 billion, up 6.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $29.88 per share and a revenue of $79.05 billion, demonstrating changes of +29.24% and +5.33%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Lockheed Martin boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Lockheed Martin is currently being traded at a Forward P/E ratio of 17.81. This indicates a discount in contrast to its industry's Forward P/E of 26.73.
Investors should also note that LMT has a PEG ratio of 0.96 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. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.58.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 103, putting it in the top 43% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Lockheed Martin (LMT) Stock Declines While Market Improves: Some Information for Investors
Lockheed Martin (LMT - Free Report) closed at $510.95 in the latest trading session, marking a -4.01% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.91%.
The stock of aerospace and defense company has risen by 1.86% in the past month, lagging the Aerospace sector's gain of 10.21% and overreaching the S&P 500's gain of 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. On that day, Lockheed Martin is projected to report earnings of $7.09 per share, which would represent a year-over-year decline of 2.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.41 billion, up 6.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $29.88 per share and a revenue of $79.05 billion, demonstrating changes of +29.24% and +5.33%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Lockheed Martin. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Lockheed Martin boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Lockheed Martin is currently being traded at a Forward P/E ratio of 17.81. This indicates a discount in contrast to its industry's Forward P/E of 26.73.
Investors should also note that LMT has a PEG ratio of 0.96 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. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.58.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 103, putting it in the top 43% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.