Why Lockheed (LMT) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Lockheed Martin is well-positioned to continue its earnings-beat streak, particularly given its recent performance in the aerospace and defense industry [1]. Earnings Performance - In the most recent quarter, Lockheed Martin reported earnings of $6.84 per share, exceeding the expected $6.47 per share, resulting in a surprise of 5.72% [2]. - For the previous quarter, the company reported $7.11 per share against an expectation of $6.45 per share, achieving a surprise of 10.23% [2]. Earnings Estimates - Recent estimates for Lockheed Martin have been increasing, with a positive Earnings ESP of +1.98%, indicating bullish sentiment among analysts regarding the company's earnings prospects [3][6]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have historically produced positive surprises nearly 70% of the time [4]. - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions prior to earnings releases [5]. Future Outlook - Lockheed Martin's next earnings report is anticipated to be released on January 28, 2025, and the current positive indicators suggest a favorable outcome [6].