Lockheed Martin Q4 2023 Adj EPS $7.90 Beats $7.26 Estimate
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin (NYSE:LMT) reported Q4 2023 earnings of $7.90 per share, surpassing the consensus estimate of $7.26 by 8.82%. Quarterly sales reached $18.90 billion, exceeding estimates of $17.97 billion by 5.20%, despite a slight 0.48% decrease from the same period last year.
January 23, 2024 | 12:30 pm
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Lockheed Martin's Q4 earnings and sales exceeded analyst expectations, with an EPS beat of 8.82% and sales surpassing estimates by 5.20%.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The fact that Lockheed Martin exceeded expectations on both fronts suggests a strong performance, which is likely to be viewed favorably by the market. However, the slight decrease in year-over-year sales may temper some of the positive impact.
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