Lockheed Martin's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Lockheed Martin is set to release its quarterly earnings report on October 22, 2024, with analysts estimating an EPS of $6.48. The company's past performance shows a tendency to beat estimates, which has historically led to stock price increases. Analysts have a consensus 'Buy' rating for Lockheed Martin, although the average price target suggests a slight downside. The company is a leader in the defense sector, with strong financial metrics but faces challenges with high debt levels.
October 21, 2024 | 2:01 pm
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Lockheed Martin is expected to report an EPS of $6.48. Historically, the company has beaten estimates, leading to stock price increases. Analysts have a 'Buy' rating, but the price target suggests a slight downside. Investors should watch for guidance, which can significantly impact stock price.
Lockheed Martin's historical performance of beating EPS estimates has led to stock price increases, suggesting a positive short-term impact if the trend continues. The 'Buy' rating from analysts indicates positive sentiment, although the price target suggests a potential downside. Guidance will be crucial for future stock movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100