Lockheed Martin (LMT) To Report Earnings Tomorrow: Here Is What To Expect

Security and Aerospace company Lockheed Martin (NYSE:LMT) will be reporting results tomorrow morning. Here’s what to look for.

Lockheed Martin beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $18.12 billion, up 8.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ organic revenue and EPS estimates.

Is Lockheed Martin a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Lockheed Martin’s revenue to grow 2.9% year on year to $17.37 billion, improving from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.44 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 8 downward revisions over the last 30 days (we track 16 analysts). Lockheed Martin has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.7% on average.

Looking at Lockheed Martin’s peers in the aerospace and defense segment, only Byrna has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 194%. The stock was down 18.4% on the results.

Read our full analysis of Byrna’s earnings results here.

There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 3.3% on average over the last month. Lockheed Martin is up 5.6% during the same time and is heading into earnings with an average analyst price target of $598.56 (compared to the current share price of $612.99).

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