Lockheed Martin Corporation (LMT) reported first-quarter 2024 adjusted earnings of $6.33 per share, which beat the Zacks Consensus Estimate of $5.80 by 9.1%. The bottom line, however, declined 1.6% from the year-ago quarter's recorded figure of $6.43.The company reported GAAP earnings of $6.39 per share compared with $6.61 in the prior-year period.Operational HighlightsNet sales were $17.20 billion, which surpassed the Zacks Consensus Estimate of $16.19 billion by 6.2%. The top line also increased 13.7% fro ...

Key PointsLockheed Martin had a solid quarter supported by strength in all segments. The healthy balance sheet supports robust capital returns, including dividends and share-reducing buybacks.The company reaffirmed guidance, which may be overly cautious in light of geopolitical conflict and defense spending. 5 stocks we like better than Lockheed MartinLockheed Martin's NYSE: LMT stock price has trended higher for years, supported by robust defense spending and, more recently, conflict in Ukraine and the Mid ...

Exhibit 99.1 News Release Lockheed Martin Reports First Quarter 2024 Financial Results • Net sales of $17.2 billion • Net earnings of $1.5 billion, or $6.39 per share • Cash from operations of $1.6 billion and free cash flow of $1.3 billion • $1.8 billion of cash returned to shareholders through dividends and share repurchases • Reaffirms 2024 financial outlook BETHESDA, Md., April 23, 2024 – Lockheed Martin Corporation [NYSE: LMT] today reported first quarter 2024 net sales of $17.2 billion, compared to $1 ...

It’s an established point that blue-chip stocks are an essential part of the portfolio. The exposure to blue-chips can differ based on the risk-taking ability of an investor. Within the blue-chip portfolio, the following strategy seems to be the best.First, exposure to some evergreen blue-chip stocks with an investment horizon of five to ten years.Further, exposure to blue-chip stocks for a time frame that’s less than five years. The split is because even the best blue-chip names go through a lean period in ...

Investors are always looking for stocks that are poised to beat at earnings season and Lockheed Martin Corporation (LMT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Lockheed Martin is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...

Analysts on Wall Street project that Lockheed Martin (LMT) will announce quarterly earnings of $5.80 per share in its forthcoming report, representing a decline of 9.8% year over year. Revenues are projected to reach $16.07 billion, increasing 6.3% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estima ...

Lockheed Martin Corporation (LMT) is slated to release first-quarter 2024 results on Apr 23, before the opening bell.The company delivered an average earnings surprise of 5.27% in the last four quarters. Lower equity earnings and higher interest expenses, amid solid sales volume from LMT’s major segments, are likely to have hurt the company’s first-quarter performance.Let's see how things might have shaped up prior to the announcement.Aeronautics to Post Solid SalesThe Aeronautics segment, which primarily m ...

Amid turbulent times on the global geopolitical scene that has seen escalating tensions in the Middle East, it should not come as a shock that war stocks are rising, including Lockheed Martin (NYSE: LMT), although experts are still cautiously optimistic regarding its price in the following 12 months.Indeed, the shares of Lockheed Martin, a defense and aerospace behemoth with government contracts, are recording growth, particularly in the last month, recovering from a sudden drop in late January this year af ...

Lockheed Martin Corporation (LMT) recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor (NGI). This award should bolster LMT’s position in the rapidly expanding missile defense systems market.Per Reuters, this contract is valued at $17 billion.Significance of NGIThe NGI is a modern, never-fail weapon system designed to protect the homeland against increasing and evolving ballistic missile threats. It is equipped with kill vehicle technology and ...

On March 29, U.S. Representative Kevin Hern of Oklahoma purchased shares of Lockheed Martin (NYSE: LMT) stock, a major defense contractor with government contracts, just before Lockheed Martin won a $17 billion contract to develop a critical defense system. The contract was awarded on April 15, three days after Hern filed his financial disclosure form on April 12, one day before Iran attacked Israel.Trade details and LMT stock chart. Source: Quiver QuantitativeThe company’s recent contract win, announced am ...