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Lockheed Martin (LMT) Misses Q3 Earnings & Sales Estimates
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Lockheed Martin Corporation (LMT - Free Report) is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
However, a large percentage of Lockheed Martin’s business comes from the U.S. government. Hence, any cutback in the domestic defense budget is a potential risk for its future performance.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $3.25 per share has remained same over the last 7 days.
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in all the last four quarters, resulting in a positive average surprise of 11.51%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Lockheed Martin missed on earnings. Earnings per share came in at $3.24, which missed the Zacks Consensus Estimate of $3.25 by a penny.
Revenue: Revenues of $12.17 billion also missed the Zacks Consensus Estimate of $12.83 billion by 5.1%.
Key Stats to Note: During the third quarter, net sales from Lockheed Martin’s Aeronautics segment increased 14% year over year, while the same form Rotary and Missions Systems was up 0.2%. Sales from Space Systems inched up 1% and sales from Missiles and Fire Control segment rose 3%. The company repurchased 1.6 million shares for $500 million and paid cash dividends worth $522 million, during the quarter.
Lockheed Martin Corporation Price and EPS Surprise
Stock Price: Following the earnings release, share prices for the company made no notable movement in the pre-market trading session.
Check back later for our full write up on this Lockheed Martin earnings report later!
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Lockheed Martin (LMT) Misses Q3 Earnings & Sales Estimates
Lockheed Martin Corporation (LMT - Free Report) is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
However, a large percentage of Lockheed Martin’s business comes from the U.S. government. Hence, any cutback in the domestic defense budget is a potential risk for its future performance.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $3.25 per share has remained same over the last 7 days.
Coming to the earnings surprise, Lockheed Martin Corporation has surpassed the Zacks Consensus Estimate in all the last four quarters, resulting in a positive average surprise of 11.51%.
Zacks Rank: Currently, Lockheed Martin has a Zacks Rank #4 (Sell) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Lockheed Martin missed on earnings. Earnings per share came in at $3.24, which missed the Zacks Consensus Estimate of $3.25 by a penny.
Revenue: Revenues of $12.17 billion also missed the Zacks Consensus Estimate of $12.83 billion by 5.1%.
Key Stats to Note: During the third quarter, net sales from Lockheed Martin’s Aeronautics segment increased 14% year over year, while the same form Rotary and Missions Systems was up 0.2%. Sales from Space Systems inched up 1% and sales from Missiles and Fire Control segment rose 3%. The company repurchased 1.6 million shares for $500 million and paid cash dividends worth $522 million, during the quarter.
Lockheed Martin Corporation Price and EPS Surprise
Lockheed Martin Corporation Price and EPS Surprise | Lockheed Martin Corporation Quote
Stock Price: Following the earnings release, share prices for the company made no notable movement in the pre-market trading session.
Check back later for our full write up on this Lockheed Martin earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>