Lockheed Martin Raises FY23 Outlook: Revenue $66.25B - $66.75B (From $65B - $66B Prior) Vs. $65.8B Estimate, EPS $27 - $27.20 (From $26.60 - $26.90 Prior) Vs. $26.85 Estimate. FCF $6.2B (Unchanged From Prior)
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin has raised its FY23 outlook, with revenue now expected to be between $66.25B and $66.75B, up from the previous estimate of $65B - $66B. The EPS is now projected to be $27 - $27.20, up from $26.60 - $26.90. The free cash flow remains unchanged at $6.2B.
July 18, 2023 | 11:34 am
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Lockheed Martin has raised its FY23 outlook, which could lead to a positive impact on its stock price in the short term.
The raised outlook indicates that Lockheed Martin is expecting better financial performance than previously estimated. This could make the company's stock more attractive to investors, potentially leading to an increase in its stock price in the short term.
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