洛克希德·马丁公司第三季度收益：期待什么

When Lockheed Martin (NYSE:LMT) reports its third quarter earnings on Tuesday, Wall Street expects the U.S. defense company to post EPS of $6.35, implying a decline of 6.9%, while revenue is expected to increase 8.4% to $18.52 billion during the quarter.

Investors will keep an eye on updates regarding the company’s F-35 program, which account for more than a quarter of its sales, as well as the missiles and fire control (MFC) segment.  

In its Q2 earnings call, the company, which manufactures a host of military aircraft platforms, including the F-35 Lightning II, the F-22 Raptor, the F-16 Fighting Falcon, and the SH-60 Seahawk, reaffirmed its expectation to deliver 170–190 units of F-35 in 2025, supported by a backlog of about 311 jets.

In anticipation of the Q3 earnings report, RBC Capital reiterated its Sector Perform rating and increased its price target to $525 from previous price target of $440, as it modelled 7.7% growth in 3Q25 and 6% in 4Q25, with the Aeronautics facing easier comps in 3Q25.

“We would note that LMT finalized the contract for lots 18-19 at the end of 3Q, supporting the production of 296 F-35s with a total cost of $24.3B. We believe this contract award should support the FCF guide of $6.7B at the midpoint, which implies ~$5.9B FCF in 2H25,” highlighted RCB Capital analyst Ken Herbert.

“We believe a positive is the outlook within the MFC portfolio, with strong expected growth and budget support for missile and missile defense.”

As per the Seeking Alpha's Quant Ratings, Lockheed Martin has a Hold rating with a score of 2.70 out of 5. The company received an A+ for profitability, but an F in revisions and a D+ grade in growth dragged down the rating.

Over the last two years, LMT has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time.

Over the last three months, EPS estimates have not seen any upward revisions against 10 downward moves, while revenue estimates have seen 10 upward revisions versus four downward revisions.

Lockheed Martin gained nearly 2.7% so far this year, compared to the broader S&P Index, which gained nearly 13.5% during the same period.