Lockheed Martin Raises FY24 Outlook: GAAP EPS from $26.10-$26.60 to $26.65 vs $26.38 Est; Narrows Sales Guidance from $70.50B-$71.50B to $71.25B vs $71.05B Est
Portfolio Pulse from Mohit Manghnani
Lockheed Martin has raised its FY24 outlook, increasing its GAAP EPS guidance to $26.65 and narrowing its sales guidance to $71.25 billion. This reflects a positive adjustment compared to previous estimates.
October 22, 2024 | 11:35 am
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Lockheed Martin has raised its FY24 GAAP EPS guidance to $26.65, surpassing the previous estimate of $26.38. The company also narrowed its sales guidance to $71.25 billion, indicating a positive outlook.
The increase in GAAP EPS guidance and the narrowing of sales guidance to a higher range suggest improved financial performance expectations. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100