Lockheed Martin Reports First Quarter 2024 Financial Results

Lockheed Martin (LMT) PT Raised to $480 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the price target on Lockheed Martin (NYSE: LMT) to $480.00 (from $460.00) while maintaining a Equal Weight rating.

The analyst comments "First TR-3 F-35 to be delivered in Q3, with fully-combat capable version in 2025. Production remains on track with... More

Lockheed Martin (LMT) PT Raised to $487 at Deutsche Bank

Deutsche Bank analyst Scott Deuschle raised the price target on Lockheed Martin (NYSE: LMT) to $487.00 (from $467.00) while maintaining a Hold rating.

The analyst comments "LMT reported solid 1Q24 results, with revenue 8% above Street, segment EBIT 5% above, EPS 11% above, and FCF 9% above. While street mis-modeling of the extra week certainly played a part in this quarter's outperformance vs. sell-side estimates, there were also pockets of fundamental outperformance, like on MFC top-line growth (+16% normalized), RMS growth (+8% normalized), or Space margins... More

Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance

(Updated - April 23, 2024 7:35 AM EDT)

Lockheed Martin (NYSE: LMT) reported Q1 EPS of $6.33, $0.53 better than the analyst estimate of $5.80. Revenue for the quarter came in at $17.2 billion versus the consensus estimate of $16.02 billion.

GUIDANCE:

Lockheed Martin sees FY2024 EPS of... More

Lockheed Martin (LMT) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance

Lockheed Martin (NYSE: LMT) reported Q1 EPS of $6.39, $0.59 better than the analyst estimate of $5.80. Revenue for the quarter came in at $17.2 billion versus the consensus estimate of $16.02 billion.

GUIDANCE:

Lockheed Martin sees FY2024 EPS of $25.65-$26.00, versus the consensus of... More