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Lockheed Martin (LMT) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Lockheed Martin (LMT - Free Report) was down 2.39% at $491.64. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Shares of the aerospace and defense company witnessed a loss of 5.49% over the previous month, trailing the performance of the Aerospace sector with its gain of 3.09%, and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. In that report, analysts expect Lockheed Martin to post earnings of $7.09 per share. This would mark 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.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $29.88 per share and revenue of $79.05 billion. These results would represent year-over-year changes of +29.24% and +5.33%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Lockheed Martin presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 16.85. For comparison, its industry has an average Forward P/E of 25.43, which means Lockheed Martin is trading at a discount to the group.
We can also see that LMT currently has a PEG ratio of 0.91. 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. The Aerospace - Defense was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 46% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Lockheed Martin (LMT) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Lockheed Martin (LMT - Free Report) was down 2.39% at $491.64. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Shares of the aerospace and defense company witnessed a loss of 5.49% over the previous month, trailing the performance of the Aerospace sector with its gain of 3.09%, and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. In that report, analysts expect Lockheed Martin to post earnings of $7.09 per share. This would mark 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.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $29.88 per share and revenue of $79.05 billion. These results would represent year-over-year changes of +29.24% and +5.33%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Lockheed Martin presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 16.85. For comparison, its industry has an average Forward P/E of 25.43, which means Lockheed Martin is trading at a discount to the group.
We can also see that LMT currently has a PEG ratio of 0.91. 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. The Aerospace - Defense was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 46% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.