Lockheed Martin Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Lockheed Martin Corp (NYSE:LMT) will unveil its latest earnings on Tuesday, July 26, 2011. Lockheed Martin Corporation 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 profit of $1.94 per share, a decline of 1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.69. Between one and three months ago, the average estimate moved up, and has risen from $1.92 during the last month. For the year, analysts are projecting net income of $7.30 per share, a rise of 0.6% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of $1.55 per share, and the previous quarter, it had net income of $2.38.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $11.43 billion in revenue this quarter, a rise of 1.2% from the year ago quarter. Analysts are forecasting total revenue of $46.64 billion for the year, a rise of 1.8% from last year’s revenue of $45.8 billion.

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

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0% in the first quarter and rose 2.2%in the fourth quarter of the last fiscal year, 2.9% in the third quarter of the last fiscal year and 1.8% in the second quarter of the last fiscal year.

The decrease in profit in the first quarter comes after net income rose in the previous quarter. In the first quarter, net income fell 3.1% to $530 million. In the fourth quarter of the last fiscal year, net income rose 18.9%.

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 June 21, 2011 to July 20, 2011, the stock price had dropped $2.33 (-2.9%) from $80.65 to $78.32. The stock price saw one of its best stretches over the last year between March 30, 2011 and April 7, 2011 when shares rose for seven-straight days, rising 2.5% (+$2.01) 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% (-$4.18) over that span. Shares are up $9.73 (+14.2%) year to date.

(Source: Xignite Financials)

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