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Earnings Reports and Analyst Ratings: Why Goldman Sachs, Lockheed Martin, and 3 Other Stocks Have Investors Buzzing

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After slumping yesterday, crude futures are now in the green as traders look forward to today’s API inventory release. Two of the last three reports have been positive and that sentiment is pushing the market closer to even than it was earlier in the morning. Among the stocks traders are talking about today are Goldman Sachs Group Inc (NYSE:GS), Lockheed Martin Corporation (NYSE:LMT), W W Grainger Inc (NYSE:GWW), Belden Inc. (NYSE:BDC), and Star Bulk Carriers Corp. (NASDAQ:SBLK). Let’s take a closer look at each stock and see what the world’s greatest investors think of each of them.

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Lockheed Martin (NYSE:LMT); F-35 Lightning fighter, jet, strike, logo, sign, symbol,

Jordan Tan / Shutterstock.com

Goldman Sachs Reports Strong Results

Goldman Sachs Group Inc (NYSE:GS) shares are slightly in the red in the pre-market hours despite the company reporting EPS of $3.72 on revenue of $7.93 billion, beating the consensus estimates by a healthy $0.72 per share and $350 million respectively. Although the bottom-line beat is pretty respectable, the top-line beat did equate to Goldman’s revenue falling by 12.6% year-over-year, led by an 11% decline in investment banking revenue and a 17% decline in underwriting revenue. On a positive note, Goldman’s tangible book value inched up by 2% to $166.90 per share, slightly above the company’s current share price. Warren Buffett‘s Berkshire Hathaway was one of the top shareholders of Goldman Sachs Group Inc (NYSE:GS) at the end of March, owning 10.96 million shares.

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Lockheed Beats Estimates

Lockheed Martin Corporation (NYSE:LMT) is 1.17% in the green this morning after the defense giant reported earnings of $3.32 per share, beating the bottom-line consensus estimate by $0.39 per share. In addition, revenue rose by 10.9% year-over-year to $12.91 billion, which beat top-line estimates by $350 million. Guidance was strong, with the company now expecting adjusted EPS of $12.15-to-$12.45 on sales of $50.0 billion-to-$51.5 billion, whereas prior guidance called for adjusted EPS of $11.50-to-$11.80 on revenue of $49.6 billion-to-$51.1 billion. Cliff Asness‘ AQR Capital Management reported a stake of over 450,000 shares in Lockheed Martin Corporation (NYSE:LMT) as of March 31.

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On the next page we’ll take a look at the latest earnings reports and/or analyst ratings updates concerning W W Grainger, Belden Inc, and Star Bulk Carriers.

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