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Lockheed Martin (LMT) Tops Q1 Earnings & Sales Estimates
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Lockheed Martin Corporation (LMT - Free Report) is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
Lockheed Martin’s cash and cash equivalents totaled $0.99 billion as of Mar 31, 2019 compared with $0.77 billion at the end of 2018.
Earnings Surprise History
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 12.45%.
Revenue: Revenues of $14.34 billion also surpassed the Zacks Consensus Estimate of $12.65 billion by 13%.
Key Stats to Note: During the first quarter, net sales from Lockheed Martin’s Aeronautics segment increased 27% year over year, while the same form Rotary and Missions Systems was up 17%. Sales from Space Systems rose 13%, while sales from Missiles and Fire Control segment surged 40%.
The company paid dividends worth $638 million to its shareholders in the first quarter compared with the year-ago figure of $586 million.
Stock Price: Following the earnings release, share prices for the company rose a solid 6.5% in the pre-market trading session, thereby reflecting investors’ optimism surrounding the earnings release.
Check back later for our full write up on this Lockheed Martin earnings report later!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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Lockheed Martin (LMT) Tops Q1 Earnings & Sales Estimates
Lockheed Martin Corporation (LMT - Free Report) is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
Lockheed Martin’s cash and cash equivalents totaled $0.99 billion as of Mar 31, 2019 compared with $0.77 billion at the end of 2018.
Earnings Surprise History
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 12.45%.
Zacks Rank: Currently, Lockheed Martin has a Zacks Rank #3 (Hold) but that could change following its first quarter 2019 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Lockheed Martin beat earnings estimate. Earnings per share came in at $5.99, which surpassed the Zacks Consensus Estimate of $4.29 by 40%.
Lockheed Martin Corporation Price and EPS Surprise
Lockheed Martin Corporation Price and EPS Surprise | Lockheed Martin Corporation Quote
Revenue: Revenues of $14.34 billion also surpassed the Zacks Consensus Estimate of $12.65 billion by 13%.
Key Stats to Note: During the first quarter, net sales from Lockheed Martin’s Aeronautics segment increased 27% year over year, while the same form Rotary and Missions Systems was up 17%. Sales from Space Systems rose 13%, while sales from Missiles and Fire Control segment surged 40%.
The company paid dividends worth $638 million to its shareholders in the first quarter compared with the year-ago figure of $586 million.
Stock Price: Following the earnings release, share prices for the company rose a solid 6.5% in the pre-market trading session, thereby reflecting investors’ optimism surrounding the earnings release.
Check back later for our full write up on this Lockheed Martin earnings report later!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>