Lockheed Martin Reports Earnings Tuesday. What To Expect.

📆 16/10/2023 4:46 p. m.
📰 MarketWatch

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The company's shares are up about 10% since war broke out between Israel and Hamas.

Lockheed Martin is due to report earnings Tuesday as the Israel-Hamas War intensifies, and while the conflict has boosted defense stocks, investors will be more concerned about the company’s profit margins.

For 2023, current guidance calls for earnings per share of about $27.10 from sales of about $66.5 billion. He projects operating profit margins of 11%. Wall Street projects closer to 12%. A year ago, operating profit margins came in at about 13%.

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