Lockheed Martin (LMT - Free Report) closed the most recent trading day at $301.95, moving -0.8% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.44%.
Coming into today, shares of the aerospace and defense company had gained 1.45% in the past month. In that same time, the Aerospace sector gained 0.13%, while the S&P 500 gained 2.91%.
Investors will be hoping for strength from LMT as it approaches its next earnings release. On that day, LMT is projected to report earnings of $4.30 per share, which would represent year-over-year growth of 6.97%. Our most recent consensus estimate is calling for quarterly revenue of $12.65 billion, up 8.69% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $19.46 per share and revenue of $56.82 billion, which would represent changes of +10.63% and +5.68%, respectively, from the prior year.
Any recent changes to analyst estimates for LMT should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. LMT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, LMT is currently trading at a Forward P/E ratio of 15.64. This represents a premium compared to its industry's average Forward P/E of 14.33.
Meanwhile, LMT's PEG ratio is currently 2.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. 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 industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.