Lockheed Martin Earnings: What To Look For From LMT

Security and Aerospace company Lockheed Martin (NYSE:LMT) will be announcing earnings results this Tuesday morning. Here’s what to expect.

Lockheed Martin missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $18.16 billion, flat year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations and a significant miss of analysts’ revenue 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, analysts are expecting Lockheed Martin’s revenue to grow 8.5% year on year to $18.55 billion, improving from the 1.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.35 per share.

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 three times over the last two years.

Looking at Lockheed Martin’s peers in the aerospace and defense segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 7.4%, and Byrna reported revenues up 35.1%, in line with consensus estimates. AAR traded up 4.2% following the results while Byrna was also up 15.6%.

Read our full analysis of AAR’s results here and Byrna’s results here.

Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices flat over the last month. Lockheed Martin is up 2.9% during the same time and is heading into earnings with an average analyst price target of $514.24 (compared to the current share price of $494.50).

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