Security and Aerospace company Lockheed Martin (NYSE: LMT) will be reporting earnings this Thursday morning. Here’s what you need to know.
Lockheed Martin beat analysts’ revenue expectations last quarter, reporting revenues of $20.32 billion, up 9.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Lockheed Martin a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Lockheed Martin’s revenue to grow 1.3% year on year, slowing from the 4.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lockheed Martin has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Lockheed Martin’s peers in the aerospace and defense segment, some have already reported their Q1 results, giving us a hint as to what we can expect. RTX delivered year-on-year revenue growth of 8.7%, beating analysts’ expectations by 2.7%, and Northrop Grumman reported revenues up 4.4%, topping estimates by 1.2%.
Read our full analysis of RTX’s results here and Northrop Grumman’s results here.
There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 11.2% on average over the last month. Lockheed Martin is down 7.4% during the same time and is heading into earnings with an average analyst price target of $668.35 (compared to the current share price of $570.75).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
