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Lockheed Martin (LMT) Tops Q1 Earnings & Sales Estimates
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Lockheed Martin Corporation (LMT - Free Report) is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
Lockheed Martin ended 2017 with $99.9 billion in backlog, up from $96.2 billion as of the end of 2016.
Earnings Surprise History
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 4.62%.
Key Stats to Note: During the first quarter, net sales from Lockheed Martin’s Aeronautics segment increased 7% year over year, while the same form Rotary and Missions Systems was up 3%. Sales from Space Systems declined 3%, while sales from Missiles and Fire Control segment increased 8%.
The company repurchased 0.9 million shares for $300 million and paid cash dividends worth $586 million, during the first quarter.
Stock Price: Following the earnings release, share prices for the company rose a solid 2.4% in the pre-market trading session, thereby reflecting investors’ optimism surrounding the earnings release.
Check back later for our full write up on this Lockheed Martin earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Lockheed Martin (LMT) Tops Q1 Earnings & Sales Estimates
Lockheed Martin Corporation (LMT - Free Report) is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
Lockheed Martin ended 2017 with $99.9 billion in backlog, up from $96.2 billion as of the end of 2016.
Earnings Surprise History
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 4.62%.
Zacks Rank: Currently, Lockheed Martin has a Zacks Rank #3 (Hold) but that could change following its first quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Lockheed Martin beat earnings estimate. Earnings per share came in at $4.02, which surpassed the Zacks Consensus Estimate of $3.35 by 20%.
Revenue: Revenues of $11.64 billion also surpassed the Zacks Consensus Estimate of $11.30 billion by 3%.
Lockheed Martin Corporation Price and EPS Surprise
Lockheed Martin Corporation Price and EPS Surprise | Lockheed Martin Corporation Quote
Key Stats to Note: During the first quarter, net sales from Lockheed Martin’s Aeronautics segment increased 7% year over year, while the same form Rotary and Missions Systems was up 3%. Sales from Space Systems declined 3%, while sales from Missiles and Fire Control segment increased 8%.
The company repurchased 0.9 million shares for $300 million and paid cash dividends worth $586 million, during the first quarter.
Stock Price: Following the earnings release, share prices for the company rose a solid 2.4% in the pre-market trading session, thereby reflecting investors’ optimism surrounding the earnings release.
Check back later for our full write up on this Lockheed Martin earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>