In the latest trading session, Lockheed Martin (LMT) closed at $592.19, marking a -2.52% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.2% for the day. Elsewhere, the Dow saw an upswing of 1.79%, while the tech-heavy Nasdaq appreciated by 1.52%.
The aerospace and defense company's stock has dropped by 4.71% in the past month, falling short of the Aerospace sector's loss of 2.19% and the S&P 500's gain of 5.15%.
Investors will be eagerly watching for the performance of Lockheed Martin in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 23, 2026. The company is expected to report EPS of $6.63, down 8.93% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $18.12 billion, indicating a 0.9% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $29.95 per share and a revenue of $79.16 billion, representing changes of +29.54% and +5.48%, respectively, from the prior 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.06% higher. Lockheed Martin is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 20.28. This denotes a discount relative to the industry average Forward P/E of 23.1.
Also, we should mention that LMT has a PEG ratio of 1.09. 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. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.77 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.
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Lockheed Martin Corporation (LMT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).