Lockheed Martin Earnings Preview
Portfolio Pulse from Benzinga Insights
Lockheed Martin (NYSE:LMT) is scheduled to report quarterly earnings on January 23, 2024. Analysts predict an EPS of $7.26. Investors are looking for an earnings beat and positive guidance for future growth. Historical data shows that LMT's stock price reacts more to guidance than earnings beats or misses. Last quarter, LMT beat the EPS estimate by $0.10, resulting in a 1.12% stock price increase the following day. Over the past year, LMT shares have risen 2.12%, with current trading at $457.76.
January 22, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lockheed Martin is anticipated to report an EPS of $7.26 in its upcoming earnings. Historical performance indicates potential stock movement based on guidance rather than earnings results.
Lockheed Martin's stock price has shown to be more sensitive to future guidance than to earnings beats or misses. With a history of positive stock performance following earnings that beat estimates, and a general upward trend over the past year, the short-term impact is likely to be neutral to positive, depending on the actual earnings results and the guidance provided. However, as the market has already priced in expectations, only significant deviations from the forecasted EPS or unexpected future guidance are likely to cause substantial stock movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100