Lockheed Martin Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Lockheed Martin (NYSE:LMT)

Core Insights - Lockheed Martin Corporation is set to release its third-quarter earnings results on October 21, with expected earnings of $6.35 per share, a decrease from $6.84 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $18.52 billion, an increase from $17.1 billion a year earlier [1] Recent Developments - On October 14, Lockheed Martin and Diehl Defence signed a Memorandum of Understanding to explore collaboration in Integrated Air and Missile Defense [2] - Following this announcement, Lockheed Martin's shares rose by 0.4%, closing at $495.15 [2] Analyst Ratings - Truist Securities analyst Michael Ciarmoli maintained a Hold rating and raised the price target from $440 to $500 [5] - Morgan Stanley analyst Kristine Liwag maintained an Overweight rating and increased the price target from $530 to $630 [5] - Susquehanna analyst Charles Minervino maintained a Positive rating and raised the price target from $490 to $590 [5] - Baird analyst Peter Arment maintained an Outperform rating and increased the price target from $500 to $550 [5] - B of A Securities analyst Ronald Epstein maintained a Neutral rating and cut the price target from $495 to $480 [5]