Lockheed Martin Reaffirms 2024 Outlook: Sees EPS $25.65-$26.35 vs $26.03 Est., Net Sales $68.5B-$70B vs $69.51B Est.
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin has reaffirmed its financial outlook for the year 2023, projecting earnings per share (EPS) in the range of $25.65 to $26.35, compared to the estimated $26.03. The company also expects net sales to be between $68.5 billion and $70 billion, versus the estimated $69.51 billion.
April 23, 2024 | 11:31 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Lockheed Martin reaffirms its 2023 financial outlook, with EPS and net sales projections slightly varying around analyst estimates.
Lockheed Martin's reaffirmation of its financial outlook for 2023, with EPS and net sales projections that are close to analyst estimates, suggests a stable financial performance. This stability is likely to maintain investor confidence in the short term, leading to a neutral impact on the stock price. The slight variance in projections compared to estimates does not indicate a significant deviation from expected performance, hence the neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100