Lockheed (LMT) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Viewpoint - Analysts forecast Lockheed Martin (LMT) will report quarterly earnings of $6.36 per share, reflecting a year-over-year increase of 0.5$17.76 billion, a 3.3% increase compared to the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 0.2%, indicating a collective reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong relationship between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts expect 'Net sales- Aeronautics' to be $6.98 billion, a year-over-year change of +2$4.31 billion, indicating a +5.4% change year over year [5]. - The consensus estimate for 'Net sales- Missiles and Fire Control' stands at $3.20 billion, reflecting a +6.9$3.22 billion, indicating a year-over-year change of -1.5% [6]. Operating Profit Estimates - 'Operating Profit- Aeronautics' is projected to be $688.53 million, compared to$679 million in the same quarter last year [6]. - 'Operating Profit- Space' is expected to reach $307.48 million, down from$325 million in the same quarter last year [7]. - 'Operating Profit- Rotary and Mission Systems' is projected at $465.19 million, compared to$430 million in the same quarter of the previous year [7]. - 'Operating Profit- Missiles and Fire Control' is estimated at $462.43 million, up from$311 million a year ago [8]. Stock Performance - Lockheed shares have returned +0.1% over the past month, contrasting with the Zacks S&P 500 composite's -4.2% change [8].