Lockheed Martin Shares Slip 1.4% to $655 Before Q1 Earnings
Lockheed Martin shares closed at $655, down 1.43% versus a 0.57% S&P 500 decline, after rising 10.24% over the past month against its sector’s 7.46% gain. Analysts forecast Q1 EPS of $7.03 (–3.43% YoY) on $18.51 billion revenue (+3.06%) ahead of earnings.
1. Stock Performance
Shares fell 1.43% to $655.00, underperforming the S&P 500’s 0.57% drop and the Dow’s 1.61% loss. Over the past month, Lockheed Martin climbed 10.24%, outpacing the aerospace sector’s 7.46% gain and contrasting with a 0.15% decline for the broader index.
2. Q1 Earnings Outlook
Analysts forecast Q1 EPS of $7.03, marking a 3.43% year-over-year decline, on revenue of $18.51 billion, a 3.06% increase from the same quarter last year. Investors are watching the upcoming earnings release for confirmation of these estimates.
3. Valuation and Analyst Metrics
Lockheed Martin trades at a forward P/E of 22.29, below the industry average of 25.44, with a PEG ratio of 1.2 versus the sector’s 2.15. The stock carries a hold consensus after EPS estimates were revised up by 0.08% over the past month.