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In the latest market close, Lockheed Martin (LMT) reached $454.78, with a +0.42% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 4.84%. On the other hand, the Dow registered a loss of 3.98%, and the technology-centric Nasdaq decreased by 5.97%.
Shares of the aerospace and defense company have depreciated by 1.64% over the course of the past month, underperforming the Aerospace sector's gain of 8.95% and outperforming the S&P 500's loss of 4.7%.
The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. The company is scheduled to release its earnings on April 22, 2025. The company is forecasted to report an EPS of $6.44, showcasing a 1.74% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $17.74 billion, up 3.19% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $27.26 per share and a revenue of $74.27 billion, signifying shifts of -4.25% and +4.55%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lockheed Martin. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 0.83% lower within the past month. Lockheed Martin is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Lockheed Martin is at present trading with a Forward P/E ratio of 16.61. This expresses a discount compared to the average Forward P/E of 20.64 of its industry.
Also, we should mention that LMT has a PEG ratio of 1.57. 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. The Aerospace - Defense was holding an average PEG ratio of 2.07 at yesterday's closing price.