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Has Lockheed Martin (LMT) Outpaced Other Aerospace Stocks This Year?

Zacks Equity Research
Applied Materials (AMAT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Investors focused on the Aerospace space have likely heard of Lockheed Martin (LMT), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.

Lockheed Martin is one of 37 companies in the Aerospace group. The Aerospace group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LMT is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for LMT's full-year earnings has moved 5.76% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that LMT has returned about 30.37% since the start of the calendar year. Meanwhile, stocks in the Aerospace group have gained about 19.14% on average. This shows that Lockheed Martin is outperforming its peers so far this year.

To break things down more, LMT belongs to the Aerospace - Defense industry, a group that includes 12 individual companies and currently sits at #43 in the Zacks Industry Rank. On average, this group has gained an average of 17.45% so far this year, meaning that LMT is performing better in terms of year-to-date returns.

Going forward, investors interested in Aerospace stocks should continue to pay close attention to LMT as it looks to continue its solid performance.


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