Lockheed (LMT) Surges 4.3%: Is This an Indication of Further Gains?

Core Viewpoint - Lockheed Martin's stock has seen a significant increase due to a proposed rise in the U.S. defense budget, which is expected to enhance order backlogs and long-term earnings growth [3]. Group 1: Stock Performance - Lockheed Martin shares ended the last trading session 4.3% higher at $518.44, with a notable trading volume [1]. - The stock has gained 6.2% over the past four weeks, indicating positive momentum [1]. Group 2: Company Overview - Lockheed Martin is one of the largest U.S. defense contractors, benefiting from a steady order flow from the Pentagon and U.S. allies, and its products are well-regarded internationally [2]. Group 3: Earnings Expectations - The company is expected to report quarterly earnings of $6.33 per share, reflecting a year-over-year decline of 17.5%, while revenues are projected to be $19.74 billion, up 6% from the previous year [4]. - The consensus EPS estimate has been revised marginally lower over the last 30 days, which may impact future stock price movements [5]. Group 4: Industry Context - Lockheed Martin is part of the Zacks Aerospace - Defense industry, which is currently experiencing fluctuations in stock performance, as seen with Joby Aviation, Inc. [5].