Lockheed Martin Corporation reports results for the quarter ended September 30 - Earnings Summary

• Lockheed Martin Corporation LMT.N reported quarterly adjusted earnings of $7.97​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $6.95. The mean expectation of twenty analysts for the quarter was for earnings of $7.43 per share. Wall Street expected results to range from $5.80 to $7.87 per share.

• Revenue rose 11.3% to $20.71 billion from a year ago; analysts expected $20.51 billion.

• Lockheed Martin Corporation's reported EPS for the quarter was $7.97​.

• The company reported quarterly net income of $1.85 billion.

• Lockheed Martin Corporation shares had risen by 8.3% this quarter and gained 14.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Lockheed Martin Corporation is $600.00, about 8.1% above its last closing price of $551.51

This summary was machine generated from LSEG data October 22 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)