LMT - Lockheed Martin Stock Went Up as Investors Waited for the Q3 Report and Information About the F-35

Lockheed Martin ( NYSE:LMT )

On October 18, before the markets open in the United States, Lockheed Martin ( NYSE:LMT ) plans to report its earnings for the third quarter . A webcast will follow this to discuss the results at 11 a.m. Eastern Time.

The average analyst projection for earnings per share is $6.73, while the average analyst projection for revenue is $16.69 billion, representing a 4.1% increase over the previous year’s total.

In the last year, Lockheed Martin stock has successfully beaten predictions for earnings per share (EPS) 75% of the time and revenue projections 25% of the time.

Over the previous three months, the consensus estimate of EPS has been revised three times higher and seven times down.

Lockheed Martin stock declined after missing Q2 revenue projections and reducing its FY22 guidance on a reduction in F-35 sales due to pandemic-related barriers. Both of these factors contributed to the decline in Lockheed Martin’s stock price.

Recent development:

• • • As Credit Suisse begins coverage of the aerospace and military industries, Lockheed Martin has been assigned an Underperform rating.
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