Lockheed Martin Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | October 20, 2025 07:49am

Lockheed Martin Corporation (NYSE:LMT) will release earnings results for the third quarter, before the opening bell on Tuesday, Oct. 21.

Analysts expect the Bethesda, Maryland-based company to report quarterly earnings at $6.35 per share, down from $6.84 per share in the year-ago period. The consensus estimate for Lockheed Martin's quarterly revenue is $18.52 billion, compared to $17.1 billion a year earlier, according to data from Benzinga Pro.

On Oct. 14, Lockheed Martin and Diehl Defence entered into a Memorandum of Understanding to explore collaboration opportunities for Integrated Air and Missile Defense.

Lockheed Martin shares rose 0.4% to close at $495.15 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Truist Securities analyst Michael Ciarmoli maintained a Hold rating and raised the price target from $440 to $500 on Oct. 15, 2025. This analyst has an accuracy rate of 85%.
• Morgan Stanley analyst Kristine Liwag maintained an Overweight rating and boosted the price target from $530 to $630 on Oct. 15, 2025. This analyst has an accuracy rate of 73%.
• Susquehanna analyst Charles Minervino maintained a Positive rating and raised the price target from $490 to $590 on Oct. 9, 2025. This analyst has an accuracy rate of 65%.
• Baird analyst Peter Arment maintained an Outperform rating and increased the price target from $500 to $550 on Oct. 6, 2025. This analyst has an accuracy rate of 86%.
• B of A Securities analyst Ronald Epstein maintained a Neutral rating and cut the price target from $495 to $480 on Aug. 21, 2025. This analyst has an accuracy rate of 70%.

Considering buying LMT stock? Here’s what analysts think:

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Posted In: LMT