Lockheed Martin Corporation (NYSE:LMT) security and aerospace developer, is expected to report third quarter earnings results, before market open, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 6.09 per share.
Looking ahead, the full year income are expected at $ 24.17 per share on the revenues of $ 64588.70 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 63500.00 million ~ $ 65000.00 million, where as bottomline are predicted in a range of $ 23.50 ~ $ 24.05 per share
Click Here For More Historical Outlooks Of Lockheed Martin Corporation
Previous Quarter Performance
Lockheed Martin Corporation reported income for the second quarter of $ 5.79 per share, from the revenue of $ 16,220.00 million. The quarterly earnings expanded 15.80 percent while revenues escalated 12.43 percent compared with the same quarter last year.
Wall street analysts are predicting, LMT to report 2Q20 income of $ 5.72 per share from revenue of $ 15226.70 million. The bottom line results beat street analysts by $ 0.07 or 1.22 percent, at the same time, top line results outshined analysts by $ 993.30 million or 6.52 percent.
Stock Performance
Shares of Lockheed Martin Corporation traded low $ -2.79 or -0.72 percent on Monday, reaching $ 383.71 with volume of 1.14 million shares. Lockheed Martin Corporation has traded high as $ 389.60 and has cracked $ 381.67 on the downward trend
According to the previous trading day, closing price of $ 383.71, representing a 45.24 % increase from the 52 week low of $ 266.11 and a 12.66 % decrease over the 52 week high of $ 442.53.
The company has a market capital of $ 107.26 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 8th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 509.00 target price.
Conference Call
Lockheed Martin Corporation will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lockheedmartin.com
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
