Lockheed Martin Analyst Spotlights Revenue, Free Cash Flow, Cautious About Conservative Growth Outlook
Portfolio Pulse from Erica Kollmann
Lockheed Martin reported mixed Q3 results, missing revenue estimates but beating on earnings. The Missiles and Fire Control segment showed strong growth, and free cash flow exceeded expectations. However, a conservative growth outlook led to a slight stock decline. RBC Capital Markets maintained an Outperform rating but lowered the price target.
October 23, 2024 | 10:51 pm
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NEUTRAL IMPACT
Lockheed Martin's Q3 results were mixed, with revenue missing but earnings beating expectations. The Missiles and Fire Control segment showed strong growth, and free cash flow was higher than expected. However, a conservative growth outlook led to a slight stock decline. RBC Capital Markets maintained an Outperform rating but lowered the price target.
The mixed Q3 results, with a revenue miss but earnings beat, create a neutral short-term impact. The strong performance of the Missiles and Fire Control segment and higher-than-expected free cash flow are positives. However, the conservative growth outlook and lowered price target by RBC may pressure the stock. Overall, these factors balance each other out, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100