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Lockheed Martin (LMT) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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In the latest market close, Lockheed Martin (LMT - Free Report) reached $517.50, with a +0.1% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.31%.
Heading into today, shares of the aerospace and defense company had lost 5.44% over the past month, lagging the Aerospace sector's gain of 1.48% and the S&P 500's gain of 5.79% in that time.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. The company is forecasted to report an EPS of $6.60, showcasing a 16.46% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $18.85 billion, indicating a 0.12% downward movement from the same quarter last year.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $26.65 per share and revenue of $71.27 billion. These results would represent year-over-year changes of -4.21% and +5.48%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 19.4. This denotes a discount relative to the industry's average Forward P/E of 19.92.
We can also see that LMT currently has a PEG ratio of 4.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 38% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Lockheed Martin (LMT) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the latest market close, Lockheed Martin (LMT - Free Report) reached $517.50, with a +0.1% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.31%.
Heading into today, shares of the aerospace and defense company had lost 5.44% over the past month, lagging the Aerospace sector's gain of 1.48% and the S&P 500's gain of 5.79% in that time.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. The company is forecasted to report an EPS of $6.60, showcasing a 16.46% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $18.85 billion, indicating a 0.12% downward movement from the same quarter last year.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $26.65 per share and revenue of $71.27 billion. These results would represent year-over-year changes of -4.21% and +5.48%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 19.4. This denotes a discount relative to the industry's average Forward P/E of 19.92.
We can also see that LMT currently has a PEG ratio of 4.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 38% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.