Lockheed Martin Outperforms Market, Earnings Release Ahead, Analyst Estimates Revisions

Lockheed Martin (LMT) rose 1.13% to $446.80, outpacing the S&P 500's 0.3% gain. The aerospace and defense company has fallen 8.9% in the past month, lagging the Aerospace sector's 5.91% loss. Analysts expect Q1 earnings of $6.64 per share, a 13.43% YoY decline, and revenue of $19.64 billion, up 5.46% from the prior year. The Zacks Rank is #3 (Hold) with a Forward P/E ratio of 19.89 and a PEG ratio of 1.61, indicating a discount compared to its industry.