Is LMT stock going up before upcoming earnings? Let's turn to history for clues

4 October 2024, 10:59 AM

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By Dmitry Pargamanik

LMT Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, LMT stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.1% Gains
LMT is scheduled to report earnings on 22-Oct-2024. The last time Lockheed Martin reported earnings on Jul 23, 2024, the stock increased by 5.6% to close at $498.51. At its current price of $601.98, LMT post earnings drift is +20.8%. Typically, traders tended to bid up LMT shares (heading into earnings) prior to its scheduled release.

LMT Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves LMT had for the last 12 quarters around earnings. The 2 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.1%. That was actually a better bullish play than holding LMT through earnings that saw a 0.2% gain.

LMT historical stock price movement before earnings

Go to LMT Historical Price Movements Around Earnings page



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