Lockheed Martin (NYSE:LMT) reported its Q1 earnings results on Tuesday, April 19, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
Lockheed Martin beat estimated earnings by 3.7%, reporting an EPS of $6.44 versus an estimate of $6.21.
Revenue was down $1.29 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.32 which was followed by a 1.05% increase in the share price the next day.
Here's a look at Lockheed Martin's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 7.15 | 1.97 | 6.53 | 6.30 |
| EPS Actual | 7.47 | 2.21 | 6.52 | 6.56 |
| Revenue Estimate | 17.66B | 17.12B | 16.93B | 16.33B |
| Revenue Actual | 17.73B | 16.03B | 17.03B | 16.26B |
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 $26.7 and $26.7 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.
