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Lockheed Martin (LMT) Dips More Than Broader Market: What You Should Know
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In the latest close session, Lockheed Martin (LMT - Free Report) was down 1.14% at $512.21. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The stock of aerospace and defense company has fallen by 7.68% in the past month, leading the Aerospace sector's loss of 8.98% and undershooting the S&P 500's loss of 0.24%.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. It is anticipated that the company will report an EPS of $7.25, marking a 4.32% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.35 billion, up 9.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $30.45 per share and a revenue of $80.82 billion, demonstrating changes of +31.7% and +7.69%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.19% increase. Lockheed Martin is currently a Zacks Rank #3 (Hold).
Looking at valuation, Lockheed Martin is presently trading at a Forward P/E ratio of 17.02. For comparison, its industry has an average Forward P/E of 23.72, which means Lockheed Martin is trading at a discount to the group.
We can additionally observe that LMT currently boasts a PEG ratio of 1.13. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense was holding an average PEG ratio of 1.69 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 179, placing it within the bottom 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Lockheed Martin (LMT) Dips More Than Broader Market: What You Should Know
In the latest close session, Lockheed Martin (LMT - Free Report) was down 1.14% at $512.21. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The stock of aerospace and defense company has fallen by 7.68% in the past month, leading the Aerospace sector's loss of 8.98% and undershooting the S&P 500's loss of 0.24%.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. It is anticipated that the company will report an EPS of $7.25, marking a 4.32% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.35 billion, up 9.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $30.45 per share and a revenue of $80.82 billion, demonstrating changes of +31.7% and +7.69%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.19% increase. Lockheed Martin is currently a Zacks Rank #3 (Hold).
Looking at valuation, Lockheed Martin is presently trading at a Forward P/E ratio of 17.02. For comparison, its industry has an average Forward P/E of 23.72, which means Lockheed Martin is trading at a discount to the group.
We can additionally observe that LMT currently boasts a PEG ratio of 1.13. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense was holding an average PEG ratio of 1.69 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 179, placing it within the bottom 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.