Lockheed Martin Sees FY24 Net Sales $70.5B-$71.5B Vs $72.4B Estimate; Sees Diluted EPS $26.10-$26.60 Vs $27.96 Estimate
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin has provided its financial outlook for FY24, projecting net sales between $70.5 billion and $71.5 billion, which is below the estimated $72.4 billion. The company also expects diluted EPS to be in the range of $26.10 to $26.60, falling short of the $27.96 estimate.
July 23, 2024 | 11:31 am
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Lockheed Martin's FY24 financial outlook shows net sales and diluted EPS projections below market estimates, which could negatively impact the stock price in the short term.
The lower-than-expected net sales and EPS projections for FY24 suggest that Lockheed Martin may face challenges in meeting market expectations, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100