LMT - Lockheed Martin Stock: Shares Buybacks Likely to Have Boosted Q4 Earnings
Lockheed Martin Stock ( NYSE:LMT )
Lockheed Martin Corporation ( NYSE:LMT ) is a multinational aerospace, arms, defense, information security, and technology corporation headquartered in the United States. In March 1995, Lockheed Corporation merged with Martin Marietta to form the company. Its headquarters are in North Bethesda, Maryland, near Washington, D.C.
On January 24, before the opening bell, Lockheed Martin is scheduled to reveal the financial results for the fourth quarter and the full year of 2022.
The company had an average earnings surprise of 5.62% across all four quarters. Lockheed Martin’s performance in the fourth quarter was likely improved by higher sales volume from most of the company’s businesses and increased share buybacks. Lockheed Martin stock has gained about 17% over one year.
Let’s look at how things developed before this news was released.
Lockheed Martin Expected to Post Impressive Sales in Aeronautics and Space
It is anticipated that the Aeronautics segment, primarily responsible for producing cutting-edge jets that have been proven effective in combat and account for almost 40% of the company’s top line, will deliver an impressive performance in the soon-to-be-reported quarter.
The Aeronautics segment’s performance in the quarter was bolstered by the increased volume from its classified programs and the increased number of F-35 deliveries.
The current consensus estimat...
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