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Wall Street analysts forecast that Lockheed Martin (LMT) will report quarterly earnings of $6.60 per share in its upcoming release, pointing to a year-over-year decline of 16.5%. It is anticipated that revenues will amount to $18.85 billion, exhibiting a decline of 0.1% compared to the year-ago quarter.
The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Lockheed metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Net sales- Aeronautics' will reach $7.88 billion. The estimate points to a change of +3.5% from the year-ago quarter.
Analysts expect 'Net sales- Rotary and Mission Systems' to come in at $4.41 billion. The estimate indicates a change of -6.4% from the prior-year quarter.
Analysts predict that the 'Net sales- Missiles and Fire Control' will reach $3.32 billion. The estimate indicates a year-over-year change of +4.6%.
Analysts' assessment points toward 'Net sales- Space' reaching $3.24 billion. The estimate indicates a change of -4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Profit- Aeronautics' should arrive at $749.72 million. Compared to the current estimate, the company reported $761 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Operating Profit- Space' of $293.12 million. Compared to the current estimate, the company reported $307 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Operating Profit- Rotary and Mission Systems' will likely reach $510.13 million. Compared to the current estimate, the company reported $579 million in the same quarter of the previous year.