Lockheed Martin Stock Analysis
Lockheed Martin produced a mixed Q3 2021 financial report. Non-GAAP Earnings beat estimates by $0.13 and GAAP earnings beat estimates by $0.22. However, the company’s revenues were short and management guided future revenue growth lower. The market’s reaction was severe with one pundit producing the headline: “Lockheed Martin plunges on bearish revenue guidance; to reassess five-year plan.” With this video I will illustrate why I believe the market overreacted bringing this Dividend Contender with its 19-year streak of increasing its dividend into fair value range.
FAST Graphs Analyze Out Loud on Lockheed Martin (LMT)
Disclosure: Long LMT at the time of writing.
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