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Lockheed Martin (LMT) Stock Moves -0.07%: What You Should Know

Lockheed Martin (LMT) closed the most recent trading day at $277.54, moving -0.07% from the previous trading session. This change was narrower than the S&P 500's 0.53% loss on the day. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.94%.

Heading into today, shares of the aerospace and defense company had lost 4.96% over the past month, lagging the Aerospace sector's gain of 0.99% and the S&P 500's loss of 1.47% in that time.

Wall Street will be looking for positivity from LMT as it approaches its next earnings report date. This is expected to be January 29, 2019. In that report, analysts expect LMT to post earnings of $4.34 per share. This would mark year-over-year growth of 0.93%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.73 billion, down 9.29% from the year-ago period.

It is also important to note the recent changes to analyst estimates for LMT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% higher. LMT is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note LMT's current valuation metrics, including its Forward P/E ratio of 14.32. This represents a premium compared to its industry's average Forward P/E of 13.59.

Meanwhile, LMT's PEG ratio is currently 2.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense was holding an average PEG ratio of 1.33 at yesterday's closing price.

The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 74, putting it in the top 29% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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