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.
However, a large percentage of Lockheed Martin’s business comes from the U.S. government. Hence, any cutback in the domestic defense budget is a potential risk for its future performance.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of $2.76 per share has increased by 3 cents over the last 7 days.
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 12.41%.
Zacks Rank: Currently, Lockheed Martin has a Zacks Rank #2 (Buy) but that could change following its first quarter 2017 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 on earnings. Earnings per share came in at $3.00, beating the Zacks Consensus Estimate of $2.76 by 8.7%.
Revenue: Revenues of $11.01 billion missed the Zacks Consensus Estimate of $11.26 billion by 2.2%.
Key Stats to Note: During the first quarter, net sales from Lockheed Martin’s Aeronautics segment increased 8.1% year over year, while the same form Rotary and Missions Systems increased 3.2%. Sales from Space Systems improved 10.8% and sales from Missiles and Fire Control segment improved 3.8%. The company repurchased 1.9 million shares for $500 million and paid cash dividends worth $544 million, during the quarter.
Stock Price: Following the earnings release, share prices for the company dropped 0.8% in the pre-market trading session.
Check back later for our full write up on this Lockheed Martin earnings report later!
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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.
However, a large percentage of Lockheed Martin’s business comes from the U.S. government. Hence, any cutback in the domestic defense budget is a potential risk for its future performance.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of $2.76 per share has increased by 3 cents over the last 7 days.
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 12.41%.
Zacks Rank: Currently, Lockheed Martin has a Zacks Rank #2 (Buy) but that could change following its first quarter 2017 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 on earnings. Earnings per share came in at $3.00, beating the Zacks Consensus Estimate of $2.76 by 8.7%.
Revenue: Revenues of $11.01 billion missed the Zacks Consensus Estimate of $11.26 billion by 2.2%.
Key Stats to Note: During the first quarter, net sales from Lockheed Martin’s Aeronautics segment increased 8.1% year over year, while the same form Rotary and Missions Systems increased 3.2%. Sales from Space Systems improved 10.8% and sales from Missiles and Fire Control segment improved 3.8%. The company repurchased 1.9 million shares for $500 million and paid cash dividends worth $544 million, during the quarter.
Stock Price: Following the earnings release, share prices for the company dropped 0.8% in the pre-market trading session.
Check back later for our full write up on this Lockheed Martin earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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