Is Lockheed Martin (LMT) Outperforming Other Aerospace Stocks This Year?

Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Investors focused on the Aerospace space have likely heard of Lockheed Martin (LMT), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.

Lockheed Martin is one of 37 companies in the Aerospace group. The Aerospace group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LMT is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for LMT's full-year earnings has moved 4.56% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, LMT has moved about 26.08% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 20.29%. This means that Lockheed Martin is performing better than its sector in terms of year-to-date returns.

Looking more specifically, LMT belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #80 in the Zacks Industry Rank. On average, this group has gained an average of 19.08% so far this year, meaning that LMT is performing better in terms of year-to-date returns.

Investors in the Aerospace sector will want to keep a close eye on LMT as it attempts to continue its solid performance.


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