Published on 27 Sep 2022 on Zacks via Yahoo Finance
Lockheed Martin (LMT) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Lockheed Martin (LMT) closed at $399.74, marking a -1.94% move from the previous day. This move lagged the S&P 500's daily loss of 0.21%. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, added 0.01%.
Heading into today, shares of the aerospace and defense company had lost 5.13% over the past month, outpacing the Aerospace sector's loss of 10.31% and the S&P 500's loss of 9.7% in that time.
Wall Street will be looking for positivity from Lockheed Martin as it approaches its next earnings report date. In that report, analysts expect Lockheed Martin to post earnings of $6.66 per share. This would mark no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.79 billion, up 4.74% from the year-ago period.