Analysts Adjust Lockheed Martin Earnings Predictions Ahead of Report

Lockheed Martin's Earnings Expectations for Q3
Lockheed Martin Corporation (NYSE: LMT) is gearing up to announce its earnings results for the third quarter. Analysts are closely watching this release and have adjusted their expectations accordingly.
Projected Earnings and Revenue
Industry analysts predict that this renowned defense contractor will report earnings of approximately $6.35 per share, a notable decrease from $6.84 per share reported during the same quarter last year. Additionally, the predicted quarterly revenue for Lockheed Martin stands at around $18.52 billion, reflecting growth from $17.1 billion achieved in the corresponding period last year.
New Collaborations and Partnerships
On October 14, Lockheed Martin entered into a Memorandum of Understanding with Diehl Defence, aiming to explore potential collaboration in the field of Integrated Air and Missile Defense. This strategic partnership could unlock innovative solutions and enhance both companies' offerings in the defense sector.
Current Landmarks in Stock Performance
Recently, Lockheed Martin's stock experienced a 0.4% increase, closing at $495.15. This slight uptick may suggest growing investor confidence ahead of the earnings announcement.
Analyst Forecasts and Ratings for Lockheed Martin
With earnings on the horizon, various analysts have issued updated ratings and price targets for Lockheed Martin:
- Truist Securities analyst Michael Ciarmoli has maintained a Hold rating, increasing the price target from $440 to $500.
- Morgan Stanley's Kristine Liwag has kept an Overweight rating while boosting the price target from $530 to $630.
- Charles Minervino of Susquehanna has a Positive rating with a price target adjustment from $490 to $590.
- Baird analyst Peter Arment continues with an Outperform rating and has adjusted the price target from $500 to $550.
- Finally, Ronald Epstein from B of A Securities has a Neutral rating, lowering his price target from $495 to $480.
What Analysts Say About Buying LMT Stock
Considering a purchase of LMT stock? Analysts have diverse opinions reflecting optimism and caution. It’s always advisable to stay informed and review analyst perspectives to make well-informed investment decisions.
Frequently Asked Questions
What earnings per share do analysts expect for Lockheed Martin?
Analysts forecast earnings per share at around $6.35 for the upcoming Q3 report.
How has Lockheed Martin's stock performed recently?
The stock rose by 0.4%, closing at $495.15, indicating positive market sentiment.
Which firms have updated their ratings for Lockheed Martin?
Several firms including Truist Securities, Morgan Stanley, and Susquehanna have revised their ratings and price targets for Lockheed Martin.
What is the significance of the partnership with Diehl Defence?
The collaboration aims to explore advanced defense solutions in Integrated Air and Missile Defense, enhancing capabilities for both companies.
Is it a good time to invest in LMT stock?
While analysts have different views, reviewing their ratings and market trends can guide investment decisions.
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