Lockheed Martin (LMT - Free Report) closed at $294.32 in the latest trading session, marking a +0.16% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow 0%, while the tech-heavy Nasdaq added 0.92%.
Coming into today, shares of the aerospace and defense company had lost 8.55% in the past month. In that same time, the Aerospace sector lost 8.83%, while the S&P 500 lost 4.37%.
LMT will be looking to display strength as it nears its next earnings release, which is expected to be February 4, 2019. The company is expected to report EPS of $4.34, up 0.93% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $13.73 billion, down 9.29% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $17.51 per share and revenue of $53.03 billion, which would represent changes of +31.36% and +3.89%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for LMT. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.71% higher. LMT is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note LMT's current valuation metrics, including its Forward P/E ratio of 16.78. For comparison, its industry has an average Forward P/E of 15.79, which means LMT is trading at a premium to the group.
Investors should also note that LMT has a PEG ratio of 2.8 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense was holding an average PEG ratio of 1.46 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 74, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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 follow all of these stock-moving metrics, and many more, on Zacks.com.