In the latest trading session, Lockheed Martin (LMT) closed at $386.74, marking a +0.2% move from the previous day. This change outpaced the S&P 500's 0.03% gain on the day. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.1%.
Heading into today, shares of the aerospace and defense company had lost 1.73% over the past month, outpacing the Aerospace sector's loss of 4.53% and lagging the S&P 500's gain of 1.82% in that time.
LMT will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $4.97, up 13.21% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $15.28 billion, up 6.01% from the prior-year quarter.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $21.62 per share and revenue of $59.19 billion. These results would represent year-over-year changes of +22.91% and +10.1%, respectively.
Investors might also notice recent changes to analyst estimates for LMT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. LMT currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that LMT has a Forward P/E ratio of 17.85 right now. This represents a discount compared to its industry's average Forward P/E of 18.1.
We can also see that LMT currently has a PEG ratio of 2.52. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 2.1 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% 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.
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Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
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