Lockheed Martin Beats Earnings Expectations, But Revenue Falls Short: Analyst Weighs In

Lockheed Martin, a leading defense contractor, reported mixed third-quarter results, exceeding earnings estimates but missing on revenue. RBC Capital Markets analyst Ken Herbert sheds light on the company’s performance, highlighting the strong performance of its Missiles and Fire Control segment and the company’s robust free cash flow. Despite the mixed results, the analyst maintains an optimistic outlook for Lockheed Martin, citing its conservative growth projections and potential for continued share price strength.

Lockheed Martin (LMT) Poised for Earnings Beat: Q3 2024 Preview

Lockheed Martin, the defense giant, is set to release its third-quarter 2024 earnings on October 22, and analysts are anticipating a strong performance. Revenue is expected to grow, driven by robust demand across its business segments, while earnings may face some headwinds due to higher interest expenses and potential losses from a classified missile program. Despite these challenges, Lockheed remains a solid performer, backed by a strong backlog and a generous dividend yield. This article delves into the key factors shaping LMT’s Q3 results and assesses whether investors should buy the stock ahead of the earnings release.

Lockheed Martin: A Strong Buy in the Aerospace Sector

Lockheed Martin (LMT) presents a compelling investment opportunity in the Aerospace sector. With a strong backlog, rising earnings and sales estimates, robust return on equity (ROE), and high solvency, LMT is well-positioned for continued growth. Its positive earnings surprise history, generous dividend yield, and share repurchase program further solidify its appeal.

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