Lockheed Martin (LMT) Q2 Earnings Top Estimates

Core Insights - Lockheed Martin reported quarterly earnings of $7.29 per share, exceeding the Zacks Consensus Estimate of $6.49 per share, and showing an increase from $7.11 per share a year ago, resulting in an earnings surprise of +12.33% [1] - The company posted revenues of $18.16 billion for the quarter ended June 2025, which was 2.21% below the Zacks Consensus Estimate, and slightly above the year-ago revenues of $18.12 billion [2] - Lockheed has surpassed consensus EPS estimates in all four of the last quarters, but has only topped revenue estimates once in the same period [2] Earnings Outlook - The sustainability of Lockheed's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $6.59, with expected revenues of $18.44 billion, while the estimate for the current fiscal year is $27.21 on revenues of $74.32 billion [7] Industry Context - The Aerospace - Defense industry, to which Lockheed belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]