We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About Lockheed (LMT) Q3 Earnings
Read MoreHide Full Article
Wall Street analysts expect Lockheed Martin (LMT - Free Report) to post quarterly earnings of $6.47 per share in its upcoming report, which indicates a year-over-year decline of 4.4%. Revenues are expected to be $17.28 billion, up 2.4% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Lockheed metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net sales- Aeronautics' stands at $6.76 billion. The estimate points to a change of +0.6% from the year-ago quarter.
The consensus among analysts is that 'Net sales- Rotary and Mission Systems' will reach $4.20 billion. The estimate indicates a year-over-year change of +2%.
It is projected by analysts that the 'Net sales- Missiles and Fire Control' will reach $3.12 billion. The estimate suggests a change of +6.2% year over year.
The combined assessment of analysts suggests that 'Net sales- Space' will likely reach $3.17 billion. The estimate suggests a change of +2.4% year over year.
The average prediction of analysts places 'Operating Profit- Aeronautics' at $665.84 million. The estimate compares to the year-ago value of $671 million.
Analysts expect 'Operating Profit- Space' to come in at $277.56 million. Compared to the current estimate, the company reported $259 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating Profit- Rotary and Mission Systems' should arrive at $479.60 million. The estimate compares to the year-ago value of $482 million.
Analysts forecast 'Operating Profit- Missiles and Fire Control' to reach $362.61 million. The estimate compares to the year-ago value of $398 million.
Shares of Lockheed have demonstrated returns of +8.4% over the past month compared to the Zacks S&P 500 composite's +3.8% change. With a Zacks Rank #3 (Hold), LMT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Lockheed (LMT) Q3 Earnings
Wall Street analysts expect Lockheed Martin (LMT - Free Report) to post quarterly earnings of $6.47 per share in its upcoming report, which indicates a year-over-year decline of 4.4%. Revenues are expected to be $17.28 billion, up 2.4% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Lockheed metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net sales- Aeronautics' stands at $6.76 billion. The estimate points to a change of +0.6% from the year-ago quarter.
The consensus among analysts is that 'Net sales- Rotary and Mission Systems' will reach $4.20 billion. The estimate indicates a year-over-year change of +2%.
It is projected by analysts that the 'Net sales- Missiles and Fire Control' will reach $3.12 billion. The estimate suggests a change of +6.2% year over year.
The combined assessment of analysts suggests that 'Net sales- Space' will likely reach $3.17 billion. The estimate suggests a change of +2.4% year over year.
The average prediction of analysts places 'Operating Profit- Aeronautics' at $665.84 million. The estimate compares to the year-ago value of $671 million.
Analysts expect 'Operating Profit- Space' to come in at $277.56 million. Compared to the current estimate, the company reported $259 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating Profit- Rotary and Mission Systems' should arrive at $479.60 million. The estimate compares to the year-ago value of $482 million.
Analysts forecast 'Operating Profit- Missiles and Fire Control' to reach $362.61 million. The estimate compares to the year-ago value of $398 million.
View all Key Company Metrics for Lockheed here>>>
Shares of Lockheed have demonstrated returns of +8.4% over the past month compared to the Zacks S&P 500 composite's +3.8% change. With a Zacks Rank #3 (Hold), LMT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>