Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
Lockheed Martin (LMT) closed at $ 380.19 in the last trading session, a move of + 0.32% from the previous day. This move outperformed the S&P 500's daily gain of 0.15%.
Prior to today's trade, the aerospace and defense company's shares were up 10.92% over the past month. This has outpaced the aerospace sector's 8.31% growth and the S&P 500 6.19% growth over that time.
LMT will look to show strength as it nears its next earnings release. The company is expected to post earnings per share of $ 6.34, an increase of 4.28% over the prior year quarter. Our latest consensus estimate is for quarterly revenue of $ 16.46 billion, up 5.15% over the same period last year.
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LMT's Zacks Consensus estimates for the full year project earnings of $ 26.32 per share and revenue of $ 68.14 billion. These results would mean changes compared to the previous year of + 7.43% and + 4.19% respectively.
Investors might also notice the recent changes in analyst estimates for LMT. These recent revisions tend to reflect developments in short term business trends. As a result, we can interpret positive estimates as a good sign of the company's business outlook.
Research shows that these estimated revisions correlate directly with short-term price dynamics. Investors can take advantage of this using the Zacks range. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable externally verified track record, with the # 1 stocks having posted an average annual return of + 25% since 1988. Within the last 30 days, our EPS consensus forecast has stagnated. LMT currently has a Zacks rank of # 4 (Sell).
In terms of valuation, LMT is currently trading at a forward P / E ratio of 14.39. The industry has an average forward P / E of 16.96, so we can conclude that LMT is comparatively trading at a discount.
LMT's PEG ratio is currently 2.42. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the company's expected earnings growth rate. At yesterday's closing price, aerospace defense had an average PEG rate of 1.85.
The aerospace - defense industry is part of the aerospace sector. This group has a Zacks industry ranking of 194, making it among the bottom 24% of all over 250 industries.
Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of each stock within the groups. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Make sure you use zacks. Com to keep track of all of these and other metrics related to stock movement in upcoming trading sessions.
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