Published on 4 Oct 2022 on Zacks via Yahoo Finance

Lockheed Martin (LMT) Gains But Lags Market: What You Should Know

Lockheed Martin (LMT) closed the most recent trading day at $406.11, moving +1.59% from the previous trading session. The stock lagged the S&P 500's daily gain of 3.06%. At the same time, the Dow added 2.8%, and the tech-heavy Nasdaq gained 0.18%.

Heading into today, shares of the aerospace and defense company had lost 4.5% over the past month, outpacing the Aerospace sector's loss of 5.73% and the S&P 500's loss of 6.15% in that time.

Wall Street will be looking for positivity from Lockheed Martin as it approaches its next earnings report date. On that day, Lockheed Martin is projected to report earnings of $6.66 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $16.79 billion, up 4.74% from the year-ago period.