We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $608.05, marking a +0.41% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.97% for the day. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.45%.
The the stock of aerospace and defense company has risen by 5.02% in the past month, leading the Aerospace sector's gain of 2.48% and undershooting the S&P 500's gain of 5.41%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. The company is scheduled to release its earnings on October 22, 2024. It is anticipated that the company will report an EPS of $6.38, marking a 5.76% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $17.37 billion, showing a 2.94% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $26.51 per share and revenue of $71.14 billion, indicating changes of -4.71% and +5.28%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Lockheed Martin is currently being traded at a Forward P/E ratio of 22.84. This valuation marks a premium compared to its industry's average Forward P/E of 21.24.
We can also see that LMT currently has a PEG ratio of 4.87. 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 2.04 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
In the latest trading session, Lockheed Martin (LMT - Free Report) closed at $608.05, marking a +0.41% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.97% for the day. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.45%.
The the stock of aerospace and defense company has risen by 5.02% in the past month, leading the Aerospace sector's gain of 2.48% and undershooting the S&P 500's gain of 5.41%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. The company is scheduled to release its earnings on October 22, 2024. It is anticipated that the company will report an EPS of $6.38, marking a 5.76% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $17.37 billion, showing a 2.94% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $26.51 per share and revenue of $71.14 billion, indicating changes of -4.71% and +5.28%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. Right now, Lockheed Martin possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Lockheed Martin is currently being traded at a Forward P/E ratio of 22.84. This valuation marks a premium compared to its industry's average Forward P/E of 21.24.
We can also see that LMT currently has a PEG ratio of 4.87. 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 2.04 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.