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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 $565.62, demonstrating a +1.64% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Meanwhile, the Dow lost 0.21%, and the Nasdaq, a tech-heavy index, lost 0.08%.
Shares of the aerospace and defense company have depreciated by 4.26% over the course of the past month, underperforming the Aerospace sector's loss of 2.92%, and the S&P 500's gain of 3.67%.
Investors will be eagerly watching for the performance of Lockheed Martin in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $7.28, marking a 4.75% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $20.33 billion, indicating a 9.27% upward movement from the same quarter last year.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $30.39 per share and revenue of $80.82 billion. These results would represent year-over-year changes of +31.44% and +7.7%, respectively.
Investors might also notice recent changes to 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.
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.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.91% increase. Currently, Lockheed Martin is carrying a Zacks Rank of #3 (Hold).
Investors should also note Lockheed Martin's current valuation metrics, including its Forward P/E ratio of 18.31. This represents a discount compared to its industry average Forward P/E of 22.86.
We can additionally observe that LMT currently boasts a PEG ratio of 0.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 1.71.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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 $565.62, demonstrating a +1.64% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Meanwhile, the Dow lost 0.21%, and the Nasdaq, a tech-heavy index, lost 0.08%.
Shares of the aerospace and defense company have depreciated by 4.26% over the course of the past month, underperforming the Aerospace sector's loss of 2.92%, and the S&P 500's gain of 3.67%.
Investors will be eagerly watching for the performance of Lockheed Martin in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $7.28, marking a 4.75% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $20.33 billion, indicating a 9.27% upward movement from the same quarter last year.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $30.39 per share and revenue of $80.82 billion. These results would represent year-over-year changes of +31.44% and +7.7%, respectively.
Investors might also notice recent changes to 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.
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.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.91% increase. Currently, Lockheed Martin is carrying a Zacks Rank of #3 (Hold).
Investors should also note Lockheed Martin's current valuation metrics, including its Forward P/E ratio of 18.31. This represents a discount compared to its industry average Forward P/E of 22.86.
We can additionally observe that LMT currently boasts a PEG ratio of 0.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 1.71.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.