LMT - Lockheed Martin Q2 earnings on deck what to expect

2023-07-17 12:53:15 ET

• U.S. defense contractor Lockheed Martin ( NYSE: LMT ) is scheduled to announce Q2 earnings results on Tuesday, July 18th, before market open.
• The consensus EPS estimate is $6.45 and the consensus revenue estimate is $15.89 billion.
• Over the last 1 year, LMT has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time.
• Over the last 3 months, EPS estimates have seen 5 upward revisions and 3 downward. Revenue estimates have seen 2 upward revisions and 7 downward.
• The company on April 18 reported Q1 non-GAAP EPS of $6.43, beating estimates by 37 cents. Revenue of $15.1 billion topped expectations by at least $90 million.
• LMT has a Quant rating of " HOLD ", with a 3.31 rating score.
• LMT has an industry ranking of 18 out of 63 among aerospace and defense stocks, as per SA's Quant ranking.
• Wall Street analysts rate the LMT  stock " HOLD " and Seeking Alpha authors rate it " BUY ".
• LMT stock rose 40.9% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
• Stock is down 1.5% so far this year as of Friday's close.

Recent analysis on LMT:

"Lockheed Martin is likely to continue outperforming the market due to increasing defense budgets and the geopolitical situation. The company offers a moat-like business model, increasing dividends, and substantial share buybacks," writes Seeking Alpha contributor Manuel Paul Dipold in a June 21 analysis .

" Everything is in LMT's favor, with eased supply chains, funded defense programs, and successful investments in next-gen defense. LMT is confident in its position in light of the new defense budget (proposal), expecting growth to resume in 2024 ," SA analyst Leo Nelissen said late June .

Nelissen also highlighted that solid orders and positive signs in the space segment contribute to Lockheed's growth trajectory.

Other analysis: - Lockheed Martin Q2 Earnings Preview: Preparing For Takeoff by Yiannis Zourmpanos, leader of the Investing Group Yiazou Capital Research on Seeking Alpha.

More on the aerospace and defense sector:

• Germany said to want best NATO division in Europe by 2025: Reuters .
• Boeing, Spirit AeroSystems are key picks at Goldman Sachs for Q2 earnings .
• U.S. to push ahead with F-16 sales to Turkey amid NATO expansion .

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