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Comments before financial release——Lockheed Martin Corporation

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NYSE:LMT   Lockheed Martin Corporation
Lockheed Martin Corporation (LMT)
Lockheed Martin Corporation is reporting for the quarter ending June 30, 2022. The aerospace and defense company's consensus earnings per share forecast from the 4 analysts that follow the stock is $6.29. This value represents a 11.78% decrease compared to the same quarter last year. In the past year LMT has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.54%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LMT is 14.90 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry.
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