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Lockheed Martin (LMT) Rises As Market Takes a Dip: Key Facts
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Lockheed Martin (LMT - Free Report) closed at $536.15 in the latest trading session, marking a +2.07% move from the prior day. This change outpaced the S&P 500's 0.58% loss on the day. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
Prior to today's trading, shares of the aerospace and defense company had lost 12.91% lagged the Aerospace sector's loss of 10.2% and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. The company is forecasted to report an EPS of $7.28, showcasing a 4.75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $20.33 billion, showing a 9.27% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $30.39 per share and revenue of $80.82 billion. These totals would mark changes of +31.44% and +7.7%, respectively, from last year.
Investors should also pay attention to any latest changes in 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 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, 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. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Lockheed Martin is currently a Zacks Rank #3 (Hold).
With respect to valuation, Lockheed Martin is currently being traded at a Forward P/E ratio of 17.28. This valuation marks a discount compared to its industry average Forward P/E of 21.9.
One should further note that LMT currently holds a PEG ratio of 1.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.65.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Lockheed Martin (LMT) Rises As Market Takes a Dip: Key Facts
Lockheed Martin (LMT - Free Report) closed at $536.15 in the latest trading session, marking a +2.07% move from the prior day. This change outpaced the S&P 500's 0.58% loss on the day. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
Prior to today's trading, shares of the aerospace and defense company had lost 12.91% lagged the Aerospace sector's loss of 10.2% and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. The company is forecasted to report an EPS of $7.28, showcasing a 4.75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $20.33 billion, showing a 9.27% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $30.39 per share and revenue of $80.82 billion. These totals would mark changes of +31.44% and +7.7%, respectively, from last year.
Investors should also pay attention to any latest changes in 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 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, 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. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Lockheed Martin is currently a Zacks Rank #3 (Hold).
With respect to valuation, Lockheed Martin is currently being traded at a Forward P/E ratio of 17.28. This valuation marks a discount compared to its industry average Forward P/E of 21.9.
One should further note that LMT currently holds a PEG ratio of 1.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.65.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.