Lockheed Martin Corp: Was The Price Drop An Overreaction?

Founder, F.A.S.T. Graphs • Oct 27, 2021 at 6:01 PM EDT

Lockheed Martin produced a mixed Q3 2021 financial report. The market overreacted bringing this Dividend Contender with its 19-year streak of increasing its dividend into the fair value range.

Lockheed Martin Stock Analysis

Lockheed Martin FAST Graph

Lockheed Martin FAST Graph

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 the 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 the fair value range.

FAST Graphs Analyze Out Loud on Lockheed Martin (LMT).

Video Length: 00:18:58

Disclosure:

Long LMT at the time of writing.

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