Will Segmental Performance Aid Lockheed's (LMT) Q4 Earnings?
Zacks Investment Research | Jan 22, 2020 10:29PM ET
Lockheed Martin Corporation (NYSE:LMT) is slated to release fourth-quarter and full-year 2019 results on Jan 28, before the opening bell.
Consistent revenue growth across Lockheed Martin’s major segments along with improved operational performance is expected to have boosted its fourth-quarter bottom line.
Let's see how things have shaped up prior to this announcement.
Aeronautics Unit: A Key Catalyst
Lockheed Martin’s Aeronautics segment has been a major growth catalyst of this defense contractor for decades. It primarily manufactures advanced, combat-proven jets, and comprises almost 40% of the company’s top line. The strength in Aeronautics business division is expected to get reflected in the soon-to-be-reported quarter’s results with Lockheed Martin delivering increased number of its F-35 Joint Strike Fighter jets. The Zacks Consensus Estimate for F-35s deliveries is 45, indicating 40.6% improvement from the year-ago-quarter’s numbers.
The F-35 program is the primary contributor to this segment’s top line. Notably, the consensus estimate for this unit’s revenues stands at $6,259 million, suggesting 6.4% improvement from the prior-year quarter reported figure.
Lockheed Martin Corporation Price and EPS Surprise
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