In the latest trading session, Lockheed Martin (LMT) closed at $295.98, marking a -0.21% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq added 0.07%.
Heading into today, shares of the aerospace and defense company had lost 2.81% over the past month, outpacing the Aerospace sector's loss of 5.32% and lagging the S&P 500's gain of 2.14% in that time.
Wall Street will be looking for positivity from LMT as it approaches its next earnings report date. On that day, LMT is projected to report earnings of $4.30 per share, which would represent 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $19.46 per share and revenue of $56.82 billion. These totals would mark changes of +10.63% and +5.68%, respectively, from last year.
Investors might also notice 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.
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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. LMT is currently a Zacks Rank #3 (Hold).
Looking at its valuation, LMT is holding a Forward P/E ratio of 15.24. This valuation marks a premium compared to its industry's average Forward P/E of 14.31.
Investors should also note that LMT has a PEG ratio of 2.19 right now. 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 1.45 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 28, putting it in the top 11% 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.
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Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
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