Lockheed Martin (LMT) Beats Q3 Earnings and Revenue Estimates

Core Insights - Lockheed Martin reported quarterly earnings of $6.95 per share, exceeding the Zacks Consensus Estimate of $6.33 per share, and showing an increase from $6.84 per share a year ago, resulting in an earnings surprise of +9.79% [1] - The company achieved revenues of $18.61 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.28% and increasing from $17.1 billion year-over-year [2] - Lockheed has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance in earnings [2] Earnings Outlook - The future performance of Lockheed's stock will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $6.88, with projected revenues of $19.54 billion, while the estimate for the current fiscal year is $21.86 on revenues of $74.2 billion [7] Industry Context - The Aerospace - Defense industry, to which Lockheed belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5][6]