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Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
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In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $294.92, marking a +0.27% move from the previous day. This move lagged the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the aerospace and defense company had lost 3.87% in the past month. In that same time, the Aerospace sector lost 7.43%, while the S&P 500 gained 0.28%.
LMT will be looking to display strength as it nears its next earnings release. In that report, analysts expect LMT to post earnings of $4.30 per share. This would mark year-over-year growth of 6.97%. Meanwhile, our latest consensus estimate is calling for revenue of $12.65 billion, up 8.69% from the prior-year quarter.
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.
It is also important to note the recent changes to analyst estimates for LMT. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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 remained stagnant. LMT is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note LMT's current valuation metrics, including its Forward P/E ratio of 15.11. Its industry sports an average Forward P/E of 14.18, so we one might conclude that LMT is trading at a premium comparatively.
We can also see that LMT currently has a PEG ratio of 2.18. 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 industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $294.92, marking a +0.27% move from the previous day. This move lagged the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the aerospace and defense company had lost 3.87% in the past month. In that same time, the Aerospace sector lost 7.43%, while the S&P 500 gained 0.28%.
LMT will be looking to display strength as it nears its next earnings release. In that report, analysts expect LMT to post earnings of $4.30 per share. This would mark year-over-year growth of 6.97%. Meanwhile, our latest consensus estimate is calling for revenue of $12.65 billion, up 8.69% from the prior-year quarter.
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.
It is also important to note the recent changes to analyst estimates for LMT. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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 remained stagnant. LMT is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note LMT's current valuation metrics, including its Forward P/E ratio of 15.11. Its industry sports an average Forward P/E of 14.18, so we one might conclude that LMT is trading at a premium comparatively.
We can also see that LMT currently has a PEG ratio of 2.18. 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 industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.