LMT - Lockheed Martin Q1 earnings on deck what to expect

2023-04-17 15:54:06 ET

• Lockheed Martin ( NYSE: LMT ) is scheduled to announce Q1 earnings results on Tuesday, April 18th, before market open.
• The consensus EPS Estimate is $6.06 and the consensus Revenue Estimate is $15.01B (+0.3% Y/Y).
• Over the last 1 year, LMT has beaten EPS estimates 75% of the time and has beaten revenue estimates 25% of the time.
• Over the last 3 months, EPS estimates have seen 4 upward revisions and 1 downward. Revenue estimates have seen 1 upward revision and 4 downward.
• The company on Jan. 24 reported Q4 Non-GAAP EPS of $7.79 beating by $0.42. Revenue of $18.99B was +7.1% Y/Y and ahead of consensus by $740M.
• LMT has a Quant rating of Hold, with a 3.28 rating score.
• LMT has an industry ranking of 16 out of 64 among aerospace and defense stocks, one spot ahead of Boeing, as per SA's Quant ranking.
• Wall Street analysts rate LMT "HOLD" and Seeking Alpha authors rate the stock "BUY".
• Jonathan Weber, leader of the Cash Flow Club Investing Group on Seeking Alpha , said in his latest report "Lockheed Martin currently trades at a premium relative to how shares were valued in the past. LMT stock also isn't cheap in absolute terms right now. The stock has seen a lot of hype since the beginning of the Russia-Ukraine war, and that means that right now is not a great time to buy into LMT, I believe. Waiting for a better buying opportunity could pay off."
• Baird last Wednesday downgraded LMT stock to Neutral from Outperform, saying the biggest U.S. defense contractor faces several difficulties that will squeeze profits like inflationary pressures, supply chain headwinds and ongoing losses from a classified program, among others.
• LMT rose 40.9% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.

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