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Lockheed Martin (LMT) Rises As Market Takes a Dip: Key Facts
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Lockheed Martin (LMT - Free Report) ended the recent trading session at $505.02, demonstrating a +2.72% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
The stock of aerospace and defense company has fallen by 7.44% in the past month, lagging the Aerospace sector's gain of 2.96% and the S&P 500's loss of 1.4%.
Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $7.09, marking a 2.74% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $19.41 billion, indicating a 6.9% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.88 per share and a revenue of $79.05 billion, indicating changes of +29.24% and +5.33%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Lockheed Martin currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 16.45. This expresses a discount compared to the average Forward P/E of 24.86 of its industry.
Also, we should mention that LMT has a PEG ratio of 0.89. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Aerospace - Defense industry stood at 1.49 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Lockheed Martin (LMT) Rises As Market Takes a Dip: Key Facts
Lockheed Martin (LMT - Free Report) ended the recent trading session at $505.02, demonstrating a +2.72% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
The stock of aerospace and defense company has fallen by 7.44% in the past month, lagging the Aerospace sector's gain of 2.96% and the S&P 500's loss of 1.4%.
Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $7.09, marking a 2.74% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $19.41 billion, indicating a 6.9% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.88 per share and a revenue of $79.05 billion, indicating changes of +29.24% and +5.33%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Lockheed Martin currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 16.45. This expresses a discount compared to the average Forward P/E of 24.86 of its industry.
Also, we should mention that LMT has a PEG ratio of 0.89. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Aerospace - Defense industry stood at 1.49 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.