Lockheed Martin Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Lockheed Martin Corp (NYSE:LMT) will unveil its latest earnings on Thursday, January 26, 2012. Lockheed Martin is a global security company that develops and manufactures advanced technology systems and products.

Lockheed Martin Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.94 per share, a decline of 18.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.05. Between one and three months ago, the average estimate moved down. It has risen from $1.93 during the last month. For the year, analysts are projecting profit of $7.62 per share, a rise of 5% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 26 cents, reporting net income of $2.07 per share against a mean estimate of profit of $1.81 per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 3.6% in revenue from the year-earlier quarter to $12.33 billion.

Analyst Ratings: Analysts seem relatively indifferent about Lockheed Martin with 16 of 21 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 22.6% to $700 million ($2.10 a share) from $571 million ($1.57 a share) the year earlier, exceeding analyst expectations. Revenue rose 6.5% to $12.12 billion from $11.38 billion.

Key Stats:

The increase in profit in the third quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 10.1% in the second quarter and 3.1% in the first quarter.

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 1%.

Competitors to Watch: Astrotech Corp. (NASDAQ:ASTC), The Boeing Company (NYSE:BA), Northrop Grumman Corp. (NYSE:NOC), General Dynamics Corp. (NYSE:GD), Alliant Techsystems Inc. (NYSE:ATK), Raytheon Company (NYSE:RTN).

Stock Price Performance: During November 21, 2011 to January 20, 2012, the stock price had risen $9.25 (12.6%) from $73.53 to $82.78. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011 when shares rose for seven-straight days, rising 7.2% (+$5.06) over that span. It saw one of its worst periods between July 6, 2011 and July 18, 2011 when shares fell for nine-straight days, falling 5.1% (-$4.09) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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