Lockheed Martin Earnings: Here’s Why the Stock is Rising Now

Lockheed Martin Corporation (NYSE:LMT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.90%.

Lockheed Martin Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.92% to $2.64 in the quarter versus EPS of $2.38 in the year-earlier quarter.

Revenue: Decreased 4.3% to $11.41 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lockheed Martin Corporation reported adjusted EPS income of $2.64 per share. By that measure, the company beat the mean analyst estimate of $2.2. It beat the average revenue estimate of $11.13 billion.

Quoting Management: “Overall, we had strong operational performance and program execution across all business areas this quarter, enabling us to increase 2013 financial guidance for operating profit, earnings per share, and cash from operations,” said Lockheed Martin Chief Executive Officer and President Marillyn Hewson. “Even in an uncertain budget environment, our portfolio of products and capabilities, robust cash generation, and outstanding performance by our 116,000 employees, continue to deliver value to our customers and shareholders.”

Key Stats (on next page)…

Revenue increased 3.05% from $11.07 billion in the previous quarter. EPS increased 13.3% from $2.33 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.22 to a profit $2.2. For the current year, the average estimate has moved up from a profit of $8.93 to a profit of $9.01 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)