Lockheed Martin (LMT) closed the latest trading at $483.37, representing a -1.15% change from previous day’s closing price. This change lagged the S&P 500’s daily loss of 1.07%. Elsewhere, the Dow Jones Industrial Average fell 0.97% and the tech-heavy Nasdaq fell 1.19%.
Prior to today’s trading, shares of the aerospace and defense company had lost 7.64% over the past month. This was lower than the Aerospace sector’s 2.91% decline and the S&P 500’s 0.36% decline over the same period.
Analysts and investors alike will be keeping an eye on Lockheed Martin’s performance in its upcoming earnings release. The company’s future EPS is expected to be $6.57, which would represent a -16.84% decrease compared to the same period last year. Meanwhile, our current consensus estimate is calling for revenue of $18.85 billion, down 0.12% from the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $26.68 per share and revenue of $71.27 billion, which would represent changes of -4.1% and +5.48% from the prior year.
Additionally, investors should note any recent revisions to analyst estimates for Lockheed Martin. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Empirical research shows that these estimate revisions are directly correlated with impending stock movements. To benefit from this, we have created the Zacks Rank, a proprietary model that incorporates these estimate changes to provide an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, third-party-audited track record of outperformance, with #1 rated stocks having an average annual Generates a return of +25%. Over the past month, the Zacks Consensus EPS estimate has moved 0.55% lower. Lockheed Martin currently carries a Zacks Rank #3 (Hold).
Looking at Lockheed Martin’s valuation, the forward P/E ratio is 18.33. This represents a discount compared to its industry’s average Forward P/E of 19.26.
Meanwhile, LMT’s PEG ratio is currently 4.03. This popular metric is similar to the widely-known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Aerospace and defense stocks have an average PEG ratio of 1.65x based on yesterday’s closing prices.
story continues
