Defense and space travel firm Lockheed Martin Corp (NYSE:LMT) According to Reuters, Wall Street expects the company’s third-quarter adjusted earnings per share to be $6.50 on revenue of $17.28 billion, the latter of which is an annual gain of 2.8%. -increase on an annual basis. Ahead of the event, LMT rose 0.4% to $614.04, having previously hit an all-time high of $618.95.
Over the past two years, LMT has finished the post-earnings sessions five times higher, returning an average of 3.3% regardless of direction. This time, the options pits expect a 5.6% swing the next day.
Speaking of options pits, Lockheed Martin stock is seeing higher-than-normal intraday put volume ahead of the earnings call. By mid-session, 6,156 calls and 4,545 puts have traded hands, with bearish bets amounting to double the amount normally seen at this point. New positions are opened during the most active weekly 10/25 540-strike call.
Over the past twelve months, the adoption of the security guarantees has achieved a number of important results, including overcoming resistance in early 2024 at the $460 level and a mid-summer crisis. rally after earnings setting it on a path of higher highs. LMT now has a 35.4% lead year-to-date.
Despite LMT’s outperformance, analysts are still not on board. Compared to its current position, the stock’s trailing-twelve-month consensus price of $588.77 is a discount of 4.2%, and nine of 21 coverage brokers rate it as a hold or worse. This negative sentiment could turn around if Lockheed Martin shares hit more all-time highs on a quarterly turnaround.
