Lockheed Martin Corp. (NYSE:LMT) is expected to report Q1 earnings on Tuesday, April 26 before the market open with a conference call scheduled for 11:00 am ET.
Analysts are looking for EPS of $1.51 on revenue of $10.58B. The consensus range is $1.47-$1.57 for EPS, and $10.44B-$10.86B for revenue, according to First Call. Lockheed handily beat both Q4 EPS and revenue estimates. In addition, it issued in-line FY11 EPS and revenue guidance of $6.70-$7.00 and $45.75B-$47.25B, respectively, as well as 2011 cash from operations "at least" $4B. Since Q4 results were released, the shares have largely traded sideways, with a slight downside bias. Recent news of defense cuts for FY11 and FY12 have likely weighed on the shares.