Lockheed Martin(US:LMT) ZACKS·2025-10-17 15:26Core Insights - Lockheed Martin Corporation (LMT) is set to release its third-quarter 2025 results on October 21, with a four-quarter average earnings surprise of 12.27% expected due to strong sales across all business segments despite charges related to classified programs [1][8]. Business Segment Performance - Aeronautics: Anticipated to report revenues of $6,977 million, reflecting a 7.6% increase year-over-year, driven by higher sales volume from the F-35 jet program [2]. - Missiles and Fire Control (MFC): Expected revenues of $3,544 million, indicating an 11.6% rise from the previous year, supported by increased production of tactical and strike missile programs [3]. - Rotary and Mission Systems (RMS): Projected revenues of $4,737.2 million, representing an 8.5% growth year-over-year, bolstered by the CH-53K helicopter program [4]. - Space: Forecasted revenues of $3,235 million, showing a 5.2% increase from the prior year, driven by commercial civil space programs and missile defense initiatives [5]. Overall Financial Outlook - The total sales estimate for LMT is $18.56 billion, reflecting an 8.5% improvement from the previous year, with all segments expected to show year-over-year sales growth [9][10]. - The backlog is projected to increase by 6% year-over-year to $175.70 billion, indicating strong future demand [6]. Earnings Estimates - The consensus estimate for LMT's third-quarter earnings is $6.32 per share, which represents a decline of 7.6% from the prior year [11]. - The Earnings ESP for LMT is -1.10%, suggesting that the model does not predict an earnings beat this time [12]. Industry Comparisons - Other industry players such as GE Aerospace, RTX Corporation, and Embraer are also set to report their earnings, with varying growth expectations and earnings ESPs, indicating a competitive landscape [14][15][16].