Why Did Lockheed Martin Stock Tumble After Earnings Report?
Lockheed Martin's Q3 earnings report showed plateauing sales and a decline in free cash flow, leading to a 6% drop in stock price. Despite missing sales estimates, Lockheed Martin's GAAP EPS and core earnings per share beat expectations, with a strong backlog indicating robust demand. Risks include ongoing negotiations for the F-35 program, but the company expects delayed cash flow to reverse by 2025, boosting future growth.
Lockheed Martin Corporation (LMT) Q3 2024 Earnings Call Transcript
Lockheed Martin Corporation (NYSE:LMT ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Maria Ricciardone - Vice President, Treasurer and Investor Relations James Taiclet - Chairman, President and CEO Jay Malave - Chief Financial Officer Conference Call Participants Ronald Epstein - Bank of America Sheila Kahyaoglu - Jefferies Noah Poponak - Goldman Sachs Myles Walton - Wolfe Research Douglas Harned - Sanford C. Bernstein & Co. Richard Safran - Seaport Research Partners David Strauss - Barclays Bank Jason Gursky - Citi Research Rob Stallard - Vertical Research Partners Operator Good day, and welcome everyone to the Lockheed Martin Third Quarter 2024 Earnings Results Conference Call.
Lockheed Martin Stock Sinks as F-35 Sales Decline Weighs on Revenue
Lockheed Martin (LMT) shares tumbled Tuesday as the defense contractor missed revenue estimates on a drop in aerospace sales.
Lockheed (LMT) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Lockheed (LMT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Why Lockheed Martin Stock Is Losing Ground Today
Weak revenue growth mars an otherwise solid quarter.
Lockheed Beats on Q3 Earnings but Misses Sales, Ups '24 EPS View
LMT's third-quarter 2024 net sales were $17.10 billion, which missed the Zacks Consensus Estimate by 1%. The top line, however, increased 1.3% from the prior-year level.
Lockheed Martin (LMT) Q3 Earnings Top Estimates
Lockheed Martin (LMT) came out with quarterly earnings of $6.84 per share, beating the Zacks Consensus Estimate of $6.47 per share. This compares to earnings of $6.77 per share a year ago.
Lockheed Martin reports EPS beat, revenue miss
CNBC's Morgan Brennan joins 'Squawk Box' to report on the company's quarterly earnings results.
Lockheed Martin lifts profit, sales forecasts on strong demand for weapons
Defense contractor Lockheed Martin on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by robust demand for military equipment amid escalating global tensions.
Lockheed Martin Stock Hits Record Highs Before Earnings
Defense and aerospace firm Lockheed Martin Corp (NYSE:LMT) is scheduled to report earnings before the open on Tuesday, Oct. 22.
What To Expect From Lockheed Martin's Q3?
Lockheed Martin (NYSE: LMT) will report its Q3 2024 results on Tuesday, October 22. We expect the company to post mixed results, with revenue of $17.0 billion and earnings of $6.50 per share, compared to the consensus estimates of $17.4 billion and $6.50, respectively.
What Analyst Projections for Key Metrics Reveal About Lockheed (LMT) Q3 Earnings
Besides Wall Street's top -and-bottom-line estimates for Lockheed (LMT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
