Business
Oct 21, 2024, 12:00 AM
Oct 21, 2024, 12:00 AM
Forbes

What To Expect From Lockheed Martin’s Q3?

Lockheed Martin aerospace and defense manufacturer
Provocative
Highlights
  • Lockheed Martin is expected to report mixed financial results for Q3, with anticipated revenue of $17.0 billion and earnings of $6.50 per share, slightly below consensus estimates.
  • The company is likely to see growth due to a strong demand environment, particularly influenced by geopolitical tensions in the Middle East and a substantial contract for missile defense.
  • Despite a projected valuation indicating potential downside, Lockheed Martin's robust segment performance and future revenue forecasts suggest ongoing resilience.
Story

Looking ahead, Lockheed Martin has forecasted its 2024 revenue to fall within the range of $70.5 billion to $71.5 billion, with earnings expected between $26.10 and $26.60 per share. Despite an estimated valuation of $511 per share indicating over 15% potential downside from its current trading level of $612, the company’s stability and growth prospects suggest resilience. While market sentiment indicates slight overvaluation in comparison to historical averages, upcoming contract-driven growth may enhance Lockheed Martin’s competitiveness in the defense market.

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