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Lockheed Martin (LMT) to Report Q3 Earnings: What's in Store?
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Lockheed Martin Corporation (LMT - Free Report) is expected to beat earnings when it reports third-quarter 2018 results on Oct 23 before the opening bell. In the last-reported quarter, this aerospace and defense company delivered a positive earnings surprise of 10.80%.
Why a Likely Positive Surprise?
Our proven model shows that Lockheed Martin is likely to beat on earnings because it has the right combination of the two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +1.02% as the Most Accurate Estimate is pegged at $4.37, higher than the Zacks Consensus Estimate of $4.32 per share.
Lockheed Martin Corporation Price and EPS Surprise
Zacks Rank: Lockheed Martin carries a Zacks Rank #3. The combination of NextEra Energy’s Zacks Rank #3 and +1.02% ESP makes us quite confident that the company is poised for an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Factors at Play
Lockheed Martin continues to win significant orders from the U.S. Defense Department and its allies, which is going to have a positive impact on its earnings in this season too like the previous ones.
The company’s ability to win higher-than-expected new contracts and several unplanned awards will continue to drive performance. Courtesy of expected strong contribution from its divisions, Lockheed is expected to come up with better-than-expected numbers this quarter.
Lockheed Martin repurchased 1 million shares for $310 million during second quarter, which will also have a positive impact on third-quarter earnings.
Other Stocks to Consider
In addition to Lockheed Martin, investors can also consider the following players from the industry that also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
The Boeing Company (BA - Free Report) is anticipated to release third-quarter 2018 results on Oct 24. It has an Earnings ESP of +0.39% and a Zacks Rank #3.
L3 Technologies Inc. is expected to release third-quarter 2018 numbers on Oct 25. It has an Earnings ESP of +0.35% and carries a Zacks Rank #2.
Leidos Holding Inc. (LDOS - Free Report) is anticipated to release third-quarter 2018 results on Oct 25. It has an Earnings ESP of +0.37% and a Zacks Rank #3.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Lockheed Martin (LMT) to Report Q3 Earnings: What's in Store?
Lockheed Martin Corporation (LMT - Free Report) is expected to beat earnings when it reports third-quarter 2018 results on Oct 23 before the opening bell. In the last-reported quarter, this aerospace and defense company delivered a positive earnings surprise of 10.80%.
Why a Likely Positive Surprise?
Our proven model shows that Lockheed Martin is likely to beat on earnings because it has the right combination of the two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +1.02% as the Most Accurate Estimate is pegged at $4.37, higher than the Zacks Consensus Estimate of $4.32 per share.
Lockheed Martin Corporation Price and EPS Surprise
Lockheed Martin Corporation Price and EPS Surprise | Lockheed Martin Corporation Quote
Zacks Rank: Lockheed Martin carries a Zacks Rank #3. The combination of NextEra Energy’s Zacks Rank #3 and +1.02% ESP makes us quite confident that the company is poised for an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Factors at Play
Lockheed Martin continues to win significant orders from the U.S. Defense Department and its allies, which is going to have a positive impact on its earnings in this season too like the previous ones.
The company’s ability to win higher-than-expected new contracts and several unplanned awards will continue to drive performance. Courtesy of expected strong contribution from its divisions, Lockheed is expected to come up with better-than-expected numbers this quarter.
Lockheed Martin repurchased 1 million shares for $310 million during second quarter, which will also have a positive impact on third-quarter earnings.
Other Stocks to Consider
In addition to Lockheed Martin, investors can also consider the following players from the industry that also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
The Boeing Company (BA - Free Report) is anticipated to release third-quarter 2018 results on Oct 24. It has an Earnings ESP of +0.39% and a Zacks Rank #3.
L3 Technologies Inc. is expected to release third-quarter 2018 numbers on Oct 25. It has an Earnings ESP of +0.35% and carries a Zacks Rank #2.
Leidos Holding Inc. (LDOS - Free Report) is anticipated to release third-quarter 2018 results on Oct 25. It has an Earnings ESP of +0.37% and a Zacks Rank #3.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>