Lockheed Martin Corp. (LMT - Free Report) is set to release second-quarter 2018 results on Jul 24, before the opening bell.
In the prior quarter, the company reported a positive earnings surprise of 20%. Lockheed Martin has outperformed the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 7.45%.
Let's see how things are shaping up prior to this announcement.
Slew of Contract Wins
Being the largest defense contractor in the United States, Lockheed Martin enjoys a solid inflow of contracts from the Pentagon and its overseas clients, courtesy of its varied defense and military product offerings.
Among the contracts that Lockheed Martin won in the second quarter, the significant ones include a $1.1 billion foreign military sales (FMS) contract for manufacturing 16 F-16 V Block 70 aircraft and a $928 million contract for developing hypersonic conventional strike weapon.
Other notable contracts secured by the company in the soon-to-be reported quarter include the $736 million modification deal to support the F-35 Lightning II program, a $503 million modification contract for providing air vehicle initial spare parts in support of the F-35 program and a $451 million contract for providing Saudi Arabia with long-lead-time activities to support the construction of four Multi-Mission Surface Combatant ships.
Consequently, such steady flow of orders are likely to boost Lockheed Martin’s quarterly sales. In line with this, the Zacks Consensus Estimate for the company’s second-quarter sales is pegged at $12.75 billion, reflecting year-over-year rise of 0.5%.
Lockheed Martin Corporation Price and EPS Surprise
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 >>
Lockheed Martin Corp. (LMT - Free Report) is set to release second-quarter 2018 results on Jul 24, before the opening bell.
In the prior quarter, the company reported a positive earnings surprise of 20%. Lockheed Martin has outperformed the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 7.45%.
Let's see how things are shaping up prior to this announcement.
Slew of Contract Wins
Being the largest defense contractor in the United States, Lockheed Martin enjoys a solid inflow of contracts from the Pentagon and its overseas clients, courtesy of its varied defense and military product offerings.
Among the contracts that Lockheed Martin won in the second quarter, the significant ones include a $1.1 billion foreign military sales (FMS) contract for manufacturing 16 F-16 V Block 70 aircraft and a $928 million contract for developing hypersonic conventional strike weapon.
Other notable contracts secured by the company in the soon-to-be reported quarter include the $736 million modification deal to support the F-35 Lightning II program, a $503 million modification contract for providing air vehicle initial spare parts in support of the F-35 program and a $451 million contract for providing Saudi Arabia with long-lead-time activities to support the construction of four Multi-Mission Surface Combatant ships.
Consequently, such steady flow of orders are likely to boost Lockheed Martin’s quarterly sales. In line with this, the Zacks Consensus Estimate for the company’s second-quarter sales is pegged at $12.75 billion, reflecting year-over-year rise of 0.5%.
Lockheed Martin Corporation Price and EPS Surprise
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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