LMT Earnings Prediction
The chart below shows how LMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LMT sees a -0.93% change in stock price 10 days leading up to the earnings, and a +0.99% change 10 days following the report. On the earnings day itself, the stock moves by -0.41%. This data can give you a slight idea of what to expect for the next quarter's release.
LMT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
18.62B
-1.34%
8.88%
Gross Margin
3.71%
-70.67%
-70.03%
Operating Margin
3.44%
-72.30%
-72.50%
Net Margin
2.83%
-71.39%
-70.18%
EPS
2.22
-70.79%
-67.35%
No Data Available
LMT Earnings Analysis
Lockheed Martin Corp Corporation (LMT.N) Earnings Conference Call
Positive
Sales Growth Achievement: Sales grew 5% year over year in 2024, reaching $71 billion, supported by improved backlog conversion and stronger throughput across the value chain.
Record Backlog Growth: The backlog reached a record $176 billion, reflecting a 10% increase year over year, with all business areas contributing to this growth and a book-to-bill ratio exceeding 1.
Shareholder Returns Strategy: Free cash flow for 2024 was $5.3 billion, with over 100% of this amount returned to shareholders through dividends and share repurchases, totaling $6.8 billion.
R&D and Capital Investment: In 2024, Lockheed Martin invested $3.3 billion in research and development and capital expenditures, enhancing its growth trajectory and technological capabilities.
F-35 Aircraft Deliveries: The F-35 program delivered 110 aircraft in 2024, meeting the high end of expectations, with projections for 170 to 190 deliveries in 2025, indicating strong demand and production efficiency.
Negative
Significant Financial Strain: Net charges of $1,800,000,000 were recorded in Q4, primarily due to $1,400,000,000 related to future losses on the MFC classified program and $555,000,000 associated with the Aeronautics classified program, indicating significant financial strain.
Q4 Sales Decline: Sales in Q4 2024 were $18,600,000,000, down slightly year over year, adversely impacted by one fewer week compared to Q4 2023, reflecting operational challenges in revenue generation.
Aeronautics Segment Profit Decline: Segment operating profit decreased 43% in Q4 compared to Q4 2023, primarily due to the $410,000,000 classified program charge, highlighting profitability issues in the Aeronautics segment.
Operating Profit Decline: For the full year, Aeronautics' operating profit decreased 11%, driven by lower profit rate adjustments and classified program charges, indicating ongoing profitability concerns in this segment.
Space Segment Sales Decline: Sales in the Space segment decreased 13% year over year in Q4, driven by lower volume on key programs, which raises concerns about future revenue stability in this area.
LMT FAQs
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LMT Earning Call Sentiment
Earnings call transcript: Lockheed Martin Q4 2024 beats EPS, stock dips
LMT.N
1.12%Positive
The earnings call summary and Q&A indicate mixed signals. Positive aspects include a record backlog, increased sales, and shareholder returns. However, significant charges in Aeronautics and Missiles & Fire Control, along with unclear responses on classified programs, raise concerns. The strong book-to-bill ratio and optimistic guidance are offset by margin declines and uncertainties in program charges. Without specific market cap data, the overall sentiment remains neutral, suggesting a limited stock price movement within -2% to 2% over the next two weeks.
