Lockheed Martin (LMT) Q4 Earnings Lag Estimates

Core Viewpoint - Lockheed Martin reported quarterly earnings of $5.8 per share, missing the Zacks Consensus Estimate of $6.24 per share, and showing a decline from $7.67 per share a year ago, indicating an earnings surprise of -7.10% [1] Financial Performance - The company posted revenues of $20.32 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.48%, and showing an increase from $18.62 billion year-over-year [2] - Over the last four quarters, Lockheed has exceeded consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Lockheed shares have increased approximately 23.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at $7.13 for the coming quarter and $29.55 for the current fiscal year [4][7] - The Zacks Rank for Lockheed is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Aerospace - Defense industry is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook as the top 50% of Zacks-ranked industries tend to outperform the bottom 50% by more than 2 to 1 [8]