Lockheed Martin Corp. (NYSE:LMT) is expected to report Q1 earnings on Thursday, April 26 before the market open with a conference call scheduled for 3:00 pm ET.
Analysts are looking for EPS of $1.70 on revenue of $10.56B. The consensus range is $1.61-$1.85 for EPS, and $10.31B-$11.01B for revenue, according to First Call. Lockheed reported mixed Q4 results, beating EPS but missing revenue estimates. On its Q4 earnings report, the company guided FY12 EPS to $7.00-$7.90, consensus was $7.77. It also forecast FY12 sales $45B-$46B, consensus was $46.2B. Sentiment on the Street has been mixed over the past three months. Since Q4 results were released, the shares have advanced to fresh 52-week highs of $91.89. They currently sit near three-year highs. Potentially large defense cuts for FY12 and beyond could influence the near-term direction of the shares.