Lockheed Martin: Q2 Earnings Insights

 

Lockheed Martin LMT reported its Q2 earnings results on Tuesday, July 19, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Lockheed Martin missed estimated earnings by 1.1%, reporting an EPS of $6.32 versus an estimate of $6.39.

Revenue was down $1.58 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.23 which was followed by a 1.31% drop in the share price the next day.

Here's a look at Lockheed Martin's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 6.21 7.15 1.97 6.53
EPS Actual 6.44 7.47 2.21 6.52
Revenue Estimate 15.55B 17.66B 17.12B 16.93B
Revenue Actual 14.96B 17.73B 16.03B 17.03B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Lockheed Martin management provided guidance for FY 2022, expecting earnings between $21.55 and $21.55 per share.

To track all earnings releases for Lockheed Martin visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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