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Lockheed Martin (LMT) Stock Moves -2.44%: What You Should Know
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In the latest close session, Lockheed Martin (LMT - Free Report) was down 2.44% at $522.34. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Prior to today's trading, shares of the aerospace and defense company had lost 5.09% was narrower than the Aerospace sector's loss of 8.1% and lagged the S&P 500's gain of 1.27%.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. In that report, analysts expect Lockheed Martin to post earnings of $7.25 per share. This would mark year-over-year growth of 4.32%. At the same time, our most recent consensus estimate is projecting a revenue of $20.35 billion, reflecting a 9.36% rise from the equivalent quarter last year.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $30.45 per share and revenue of $80.82 billion. These results would represent year-over-year changes of +31.7% and +7.69%, respectively.
Investors might also notice recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.19% increase. Lockheed Martin is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Lockheed Martin has a Forward P/E ratio of 17.59 right now. This denotes a discount relative to the industry average Forward P/E of 23.69.
One should further note that LMT currently holds a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.7.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.
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Lockheed Martin (LMT) Stock Moves -2.44%: What You Should Know
In the latest close session, Lockheed Martin (LMT - Free Report) was down 2.44% at $522.34. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Prior to today's trading, shares of the aerospace and defense company had lost 5.09% was narrower than the Aerospace sector's loss of 8.1% and lagged the S&P 500's gain of 1.27%.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. In that report, analysts expect Lockheed Martin to post earnings of $7.25 per share. This would mark year-over-year growth of 4.32%. At the same time, our most recent consensus estimate is projecting a revenue of $20.35 billion, reflecting a 9.36% rise from the equivalent quarter last year.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $30.45 per share and revenue of $80.82 billion. These results would represent year-over-year changes of +31.7% and +7.69%, respectively.
Investors might also notice recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.19% increase. Lockheed Martin is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Lockheed Martin has a Forward P/E ratio of 17.59 right now. This denotes a discount relative to the industry average Forward P/E of 23.69.
One should further note that LMT currently holds a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.7.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.