Lockheed Martin Earnings Preview: Can This Streak Continue?

Lockheed Martin (NYSE:LMT) will report earnings before markets open on Tuesday, July 23rd. Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company’s businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.

Here is your Cheat Sheet to Lockheed Martin Earnings:

Earnings Expectations: Analysts expect earnings of $2.20 per share on revenues of $11.12 billion. Currently, the company’s P/E ratio stands at 13.00.

Analyst Trends:

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 $2.29 to a profit $2.2. For the current year, the average estimate is a profit of $9.01, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Lockheed Martin has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 42,731 45,189 45,803 46,499 47,182
Diluted EPS ($) 7.86 7.78 7.94 7.81 8.36

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 11,921.00 11,869.00 12,099.00 11,070.00
Diluted EPS ($) 2.38 2.21 1.73 2.33

Past Performance:
Lockheed Martin has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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