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) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $497.28, moving -0.41% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.22%.
Shares of the aerospace and defense company witnessed a gain of 2.3% over the previous month, trailing the performance of the Aerospace sector with its gain of 4.46% and the S&P 500's gain of 2.69%.
The investment community will be paying close attention to the earnings performance of Lockheed Martin in its upcoming release. The company is slated to reveal its earnings on January 28, 2025. It is anticipated that the company will report an EPS of $6.60, marking a 16.46% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $18.85 billion, indicating a 0.1% decline compared to the corresponding quarter of the prior year.
Investors might also notice recent changes to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.03% lower within the past month. As of now, Lockheed Martin holds a Zacks Rank of #3 (Hold).
In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 17.98. Its industry sports an average Forward P/E of 20.33, so one might conclude that Lockheed Martin is trading at a discount comparatively.
It is also worth noting that LMT currently has a PEG ratio of 4.05. 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. LMT's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lockheed Martin (LMT) Stock Sinks As Market Gains: Here's Why
Lockheed Martin (LMT - Free Report) closed the most recent trading day at $497.28, moving -0.41% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.22%.
Shares of the aerospace and defense company witnessed a gain of 2.3% over the previous month, trailing the performance of the Aerospace sector with its gain of 4.46% and the S&P 500's gain of 2.69%.
The investment community will be paying close attention to the earnings performance of Lockheed Martin in its upcoming release. The company is slated to reveal its earnings on January 28, 2025. It is anticipated that the company will report an EPS of $6.60, marking a 16.46% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $18.85 billion, indicating a 0.1% decline compared to the corresponding quarter of the prior year.
Investors might also notice recent changes to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.03% lower within the past month. As of now, Lockheed Martin holds a Zacks Rank of #3 (Hold).
In terms of valuation, Lockheed Martin is presently being traded at a Forward P/E ratio of 17.98. Its industry sports an average Forward P/E of 20.33, so one might conclude that Lockheed Martin is trading at a discount comparatively.
It is also worth noting that LMT currently has a PEG ratio of 4.05. 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. LMT's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.