Security and Aerospace company Lockheed Martin (NYSE: LMT) will be announcing earnings results tomorrow before market open. Here’s what to look for.
Lockheed Martin missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $18.62 billion, down 1.3% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Lockheed Martin a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lockheed Martin’s revenue to grow 3.3% year on year to $17.76 billion, slowing from the 13.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.31 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lockheed Martin has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Lockheed Martin’s peers in the aerospace and defense segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Byrna delivered year-on-year revenue growth of 57.3%, meeting analysts’ expectations, and AAR reported revenues up 19.5%, falling short of estimates by 2.8%. Byrna traded up 8.2% following the results while AAR was down 16.3%.
Read our full analysis of Byrna’s results here and AAR’s results here.
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