Lockheed Martin (LMT) Earnings: 2Q Adjusted EPS Exceeds Expectations at $7.11, Beating Estimates

Lockheed Martin on Smartkarma

Lockheed Martin is getting positive analyst coverage on Smartkarma, particularly from Baptista Research. In their report titled “Lockheed Martin Corporation: Will Its Recent Acquisition & Its Investments in Next-gen Interceptor Bear Fruit? – Major Drivers,” they highlighted the company’s strong financial performance and key ongoing initiatives. Lockheed Martin showed robust revenue growth and a stable backlog of $159 billion, reflecting the alignment of their advanced technology solutions with customer priorities. The report also noted the favorable funding allocation in the FY ’24 defense budget for key projects like munitions procurement, hypersonics, and long-term initiatives such as aircraft and helicopter programs.

Another report by Baptista Research on Smartkarma, titled “Lockheed Martin: How Bad Is The Impact of Delays in Government Budget? – Major Drivers,” discussed Lockheed Martin‘s performance in 2023. The company’s fourth quarter and year-end earnings showed strong results, driven by high demand across various product lines. Lockheed Martin reported a record backlog of $161 billion, with full-year sales reaching $67.6 billion, marking a 2% year-on-year growth. The analysis emphasizes the company’s resilience despite potential delays in government budget allocations, indicating a positive outlook on Lockheed Martin‘s future performance.

A look at Lockheed Martin Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Lockheed Martin Corporation, a global security company known for its advanced technology products and services, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. With a high momentum score of 4, indicating strong market performance, Lockheed Martin demonstrates robust potential for growth and profitability in the future. The company’s above-average scores in dividend and growth, at 3 each, signal steady returns for investors and a solid foundation for expansion. However, lower scores in value and resilience, at 2 each, suggest areas where Lockheed Martin may need to focus on enhancing its financial standing and capacity to withstand potential challenges.

Lockheed Martin‘s diverse portfolio, spanning industries such as space, telecommunications, aeronautics, and more, positions it well for long-term success in the global security market. While its Smartkarma Smart Scores reveal areas for improvement, particularly in terms of value and resilience, the company’s strong momentum score underscores its current market strength and growth potential. Investors may carefully monitor Lockheed Martin‘s efforts to address the identified areas of weakness while leveraging its existing strengths in dividend yield and growth prospects to make well-informed decisions about their long-term investment strategies.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma