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Dipanjan Banchur

LMT Earnings Watch: Is Lockheed Martin a Strong Buy in 2024?

LMT Lockheed Martin Dipanjan BanchurSince AirDefense Services Jim Taiclet Missile Lockheed Martin Corporation

Lockheed Martin Corporation (LMT) is scheduled to report its fourth-quarter results on January 23. Wall Street expects the defense major’s EPS and revenue to decline year-over-year. With escalating geopolitical tensions around the world, I have discussed why it could be wise to buy the stock now despite the potential decline in earnings and revenue.

For the fourth quarter, LMT’s EPS and revenue are expected to decline 6.9% and 5.5% year-over-year to $7.25 and $17.95 billion, respectively. However, the company has a solid earnings history, having beaten the consensus estimates in each of the trailing four quarters.

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