Lockheed Martin Sees 2024 Diluted EPS $25.65-$26.35 vs $26.62 Est.
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin forecasts its 2024 diluted earnings per share (EPS) to be in the range of $25.65 to $26.35, which is below the estimated $26.62.
January 23, 2024 | 12:37 pm
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Lockheed Martin's projected EPS for 2024 is lower than analysts' expectations, which could lead to a negative short-term reaction in its stock price.
Earnings forecasts are a critical factor in stock valuation. Lockheed Martin's lower-than-expected EPS guidance for 2024 may disappoint investors and analysts, leading to a potential decrease in stock price as the market adjusts to the new information. The direct mention of the company and specific figures regarding EPS makes the news highly relevant and important to investors, with a high level of confidence in the potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100