Lockheed Martin (NYSE:LMT) has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Tuesday.
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Analysts currently expect Lockheed Martin to come in with earnings of $1.92 per share on revenues of $11.29 billion. Analysts gave estimates ranging from $1.82 per share to $2 per share. Over the past three months, the average estimate has moved down from $1.97.
In terms of price changes, the stock's best recent streak was when it gained $2.97 per share between June 6, 2012 and June 22, 2012.
Analysts think investors should stand pat on Lockheed Martin with 15 of 19 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose 26% to $668 million ($2.03 a share) from $530 million ($1.50 a share) the year earlier, exceeding analyst expectations. Revenue rose 6.2% to $11.29 billion from $10.63 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012 before market open
Revenue Estimate: $11.29 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)