Lockheed Martin (LMT – Free Report) closed the most recent trading day at $445.17, moving +0.7% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.12% for the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 2.04%.
Prior to today’s trading, shares of the aerospace and defense company had lost 1.42% over the past month. This has lagged the Aerospace sector’s gain of 5.86% and was narrower than the S&P 500’s loss of 2.91% in that time.
The upcoming earnings release of Lockheed Martin will be of great interest to investors. The company’s upcoming EPS is projected at $6.42, signifying a 1.42% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $17.74 billion, showing a 3.19% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $27.15 per share and a revenue of $74.27 billion, representing changes of -4.64% and +4.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts’ positivity towards the company’s business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Lockheed Martin is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Lockheed Martin has a Forward P/E ratio of 16.28 right now. This represents a discount compared to its industry’s average Forward P/E of 21.4.
It’s also important to note that LMT currently trades at a PEG ratio of 1.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company’s expected earnings growth trajectory. The Aerospace – Defense industry currently had an average PEG ratio of 1.83 as of yesterday’s close.
The Aerospace – Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 164, positioning it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don’t forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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