Lockheed Martin Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Lockheed Martin Corp (NYSE:LMT) will unveil its latest earnings on Wednesday, October 26, 2011. 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 profit of $1.81 per share, a rise of 16.8% 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 $1.78. Between one and three months ago, the average estimate moved up. It has risen from $1.80 during the last month. For the year, analysts are projecting net income of $7.55 per share, a rise of 4% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $2.06 per share versus a mean estimate of net income of $1.94 per share.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: Analysts are projecting a rise of 3.1% in revenue from the year-earlier quarter to $11.73 billion.

Analyst Ratings: Analysts seem relatively indifferent about Lockheed Martin with 16 of 20 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 10.1% to $742 million ($2.14 a share) from $825 million ($2.22 a share) the year earlier, but exceeded analyst expectations. Revenue rose 1% to $11.55 billion from $11.44 billion.

Key Stats:

The company has seen net income fall in each of the last two quarters. Net income dropped 3.1% in the first quarter.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 0%.

Competitors to Watch: Astrotech Corp. (NASDAQ:ASTC), The Boeing Company (NYSE:BA), Northrop Grumman Corp. (NYSE:NOC), General Dynamics Corp. (NYSE:GD), OHB Technology AG (OHB), Alliant Techsystems Inc. (NYSE:ATK), Raytheon Company (NYSE:RTN), RKK Energiya im. S.P.Koroleva OAO (RKKE), Duks OAO (DUKS), and Kirovskiy zavod Mayak OAO (KZMK).

Stock Price Performance: During August 24, 2011 to October 20, 2011, the stock price had risen $3.18 (4.4%) from $72.52 to $75.70. 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% (+$5.12) 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% (-$4.13) over that span. Shares are up $7.81 (+11.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.