Lockheed Martin Corporation's revenue fell by 8% year-over-year to $14.96 billion for the first quarter of 2022, even as it reported earnings of $6.44 per share, surpassing analyst expectations. The company maintains a robust backlog of $135 billion across its various defense segments, indicating potential for future growth despite current revenue challenges. Analysts from Wells Fargo have raised the price target for Lockheed Martin to $496, reflecting ongoing confidence in the company's long-term prospects.
“Lockheed Martin Corporation (NYSE:LMT) · revenue · $14.96 billion · 8 percent decrease”
“Lockheed Martin Corporation (NYSE:LMT) · guided earnings · $26.70 per share · 2022”
“Lockheed Martin (LMT) · posted · a year-over-year revenue decline · following its Tuesday report”
“Lockheed Martin Corporation · are also slated to report · latest results”
“Lockheed Martin · is working on · $135 billion backlog”
“Lockheed Martin · has increased · its dividend every year for nearly 20 years”
“$10,000 invested in LMT stock · could have grown · to more than $70,000 today · with full dividend reinvestments”
“Lockheed Martin Corporation · reported · first-quarter 2022 earnings · $6.44 per share”
“Lockheed Martin Corporation · surpassed · the Zacks Consensus Estimate · $6.22”
“Lockheed Martin Corporation · declined · year over year earnings · 1.8%”
“Lockheed Martin · ended · first quarter of 2022 with · $134.23 billion in backlog”
“Lockheed Martin · accounted for · Aeronautics segment backlog · $46.12 billion”
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