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Insights Into Lockheed (LMT) Q2: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Lockheed Martin (LMT - Free Report) will report quarterly earnings of $7.28 per share in its upcoming release, pointing to a year-over-year decline of 0.1%. It is anticipated that revenues will amount to $19.52 billion, exhibiting an increase of 7.5% compared to the year-ago quarter.
The current level reflects an upward revision of 0.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance 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.
Bearing this in mind, let's now explore the average estimates of specific Lockheed metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Sales- Aeronautics' of $7.72 billion. The estimate indicates a change of +4.1% from the prior-year quarter.
The consensus estimate for 'Sales- Rotary and Mission Systems' stands at $4.41 billion. The estimate indicates a change of +10.4% from the prior-year quarter.
The consensus among analysts is that 'Sales- Missiles and Fire Control' will reach $4.05 billion. The estimate indicates a year-over-year change of +18%.
Based on the collective assessment of analysts, 'Sales- Space' should arrive at $3.49 billion. The estimate points to a change of +5.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Operating profit (loss)- Space' should come in at $351.47 million. Compared to the present estimate, the company reported $362.00 million in the same quarter last year.
Analysts expect 'Operating profit (loss)- Missiles and Fire Control' to come in at $567.20 million. The estimate is in contrast to the year-ago figure of $479.00 million.
Shares of Lockheed have demonstrated returns of -0.4% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #2 (Buy), LMT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Lockheed (LMT) Q2: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Lockheed Martin (LMT - Free Report) will report quarterly earnings of $7.28 per share in its upcoming release, pointing to a year-over-year decline of 0.1%. It is anticipated that revenues will amount to $19.52 billion, exhibiting an increase of 7.5% compared to the year-ago quarter.
The current level reflects an upward revision of 0.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance 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.
Bearing this in mind, let's now explore the average estimates of specific Lockheed metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Sales- Aeronautics' of $7.72 billion. The estimate indicates a change of +4.1% from the prior-year quarter.
The consensus estimate for 'Sales- Rotary and Mission Systems' stands at $4.41 billion. The estimate indicates a change of +10.4% from the prior-year quarter.
The consensus among analysts is that 'Sales- Missiles and Fire Control' will reach $4.05 billion. The estimate indicates a year-over-year change of +18%.
Based on the collective assessment of analysts, 'Sales- Space' should arrive at $3.49 billion. The estimate points to a change of +5.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Operating profit (loss)- Space' should come in at $351.47 million. Compared to the present estimate, the company reported $362.00 million in the same quarter last year.
Analysts expect 'Operating profit (loss)- Missiles and Fire Control' to come in at $567.20 million. The estimate is in contrast to the year-ago figure of $479.00 million.
View all Key Company Metrics for Lockheed here>>>Shares of Lockheed have demonstrated returns of -0.4% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #2 (Buy), LMT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .