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Lockheed (LMT) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts forecast that Lockheed Martin (LMT - Free Report) will report quarterly earnings of $7.49 per share in its upcoming release, pointing to a year-over-year increase of 7.8%. It is anticipated that revenues will amount to $20.43 billion, exhibiting an increase of 9.8% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation 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.
With that in mind, let's delve into the average projections of some Lockheed metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Sales- Aeronautics' will reach $8.00 billion. The estimate indicates a year-over-year change of +10.3%.
According to the collective judgment of analysts, 'Sales- Rotary and Mission Systems' should come in at $4.55 billion. The estimate suggests a change of +4% year over year.
The consensus among analysts is that 'Sales- Missiles and Fire Control' will reach $4.30 billion. The estimate indicates a change of +18.6% from the prior-year quarter.
Analysts forecast 'Sales- Space' to reach $3.55 billion. The estimate points to a change of +5.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating profit (loss)- Aeronautics' should arrive at $741.80 million. Compared to the current estimate, the company reported $682.00 million in the same quarter of the previous year.
Analysts predict that the 'Operating profit (loss)- Space' will reach $347.63 million. The estimate compares to the year-ago value of $331.00 million.
The collective assessment of analysts points to an estimated 'Operating profit (loss)- Rotary and Mission Systems' of $467.52 million. Compared to the present estimate, the company reported $506.00 million in the same quarter last year.
The consensus estimate for 'Operating profit (loss)- Missiles and Fire Control' stands at $594.39 million. The estimate compares to the year-ago value of $510.00 million.
Over the past month, shares of Lockheed have returned +3.5% versus the Zacks S&P 500 composite's +1.5% change. Currently, LMT carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Lockheed (LMT) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts forecast that Lockheed Martin (LMT - Free Report) will report quarterly earnings of $7.49 per share in its upcoming release, pointing to a year-over-year increase of 7.8%. It is anticipated that revenues will amount to $20.43 billion, exhibiting an increase of 9.8% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation 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.
With that in mind, let's delve into the average projections of some Lockheed metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Sales- Aeronautics' will reach $8.00 billion. The estimate indicates a year-over-year change of +10.3%.
According to the collective judgment of analysts, 'Sales- Rotary and Mission Systems' should come in at $4.55 billion. The estimate suggests a change of +4% year over year.
The consensus among analysts is that 'Sales- Missiles and Fire Control' will reach $4.30 billion. The estimate indicates a change of +18.6% from the prior-year quarter.
Analysts forecast 'Sales- Space' to reach $3.55 billion. The estimate points to a change of +5.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating profit (loss)- Aeronautics' should arrive at $741.80 million. Compared to the current estimate, the company reported $682.00 million in the same quarter of the previous year.
Analysts predict that the 'Operating profit (loss)- Space' will reach $347.63 million. The estimate compares to the year-ago value of $331.00 million.
The collective assessment of analysts points to an estimated 'Operating profit (loss)- Rotary and Mission Systems' of $467.52 million. Compared to the present estimate, the company reported $506.00 million in the same quarter last year.
The consensus estimate for 'Operating profit (loss)- Missiles and Fire Control' stands at $594.39 million. The estimate compares to the year-ago value of $510.00 million.
View all Key Company Metrics for Lockheed here>>>Over the past month, shares of Lockheed have returned +3.5% versus the Zacks S&P 500 composite's +1.5% change. Currently, LMT carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .