Lockheed Martin (NYSE: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.
