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Lockheed (LMT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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Lockheed Martin (LMT - Free Report) reported $18.99 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 7.1%. EPS of $7.79 for the same period compares to $7.24 a year ago.

The reported revenue represents a surprise of +4.06% over the Zacks Consensus Estimate of $18.25 billion. With the consensus EPS estimate being $7.41, the EPS surprise was +5.13%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Lockheed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net sales-Aeronautics: $7.64 billion versus the five-analyst average estimate of $7.39 billion. The reported number represents a year-over-year change of +7.1%.
  • Net sales-Rotary and Mission Systems: $4.80 billion versus the five-analyst average estimate of $4.65 billion. The reported number represents a year-over-year change of +7.7%.
  • Net sales-Missiles and Fire Control: $3.29 billion versus $3.18 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change.
  • Net sales-Space: $3.27 billion compared to the $3.03 billion average estimate based on five analysts. The reported number represents a change of +11.7% year over year.
  • Operating Profit - Aeronautics: $816 million versus $801.35 million estimated by five analysts on average.
  • Operating Profit - Space: $231 million versus the five-analyst average estimate of $245.90 million.
  • Operating Profit - Rotary and Mission Systems: $508 million versus $492.07 million estimated by five analysts on average.
  • Operating Profit - Missiles and Fire Control: $451 million versus the five-analyst average estimate of $441.47 million.

View all Key Company Metrics for Lockheed here>>>

Shares of Lockheed have returned -8.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.


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