Lockheed Martin Q2 Earnings: Analysts Revising Forecasts Ahead of Earnings Call

Lockheed Martin is expected to report Q2 earnings at $6.57 per share, down from $7.11 per share in the year-ago period. Analysts have revised their forecasts ahead of the earnings call, with Truist Securities maintaining a Buy rating and cutting the price target from $579 to $554. TD Cowen downgraded the stock from Buy to Hold and cut the price target from $500 to $480. Lockheed Martin shares fell 1.1% to close at $463.96 on Friday.

Lockheed Martin Corporation (LMT) is scheduled to release its second-quarter 2025 earnings results on July 22, before the opening bell. The company is expected to report earnings at $6.57 per share, a decline from $7.11 per share in the year-ago period [2]. Analysts have revised their forecasts ahead of the earnings call, with varying opinions on the company's performance.

Truist Securities analyst Michael Ciarmoli maintained a Buy rating but cut the price target from $579 to $554 on July 11, 2025 [2]. TD Cowen analyst Gautam Khanna downgraded the stock from Buy to Hold and cut the price target from $500 to $480 on July 10, 2025 [2]. UBS analyst Gavin Parsons maintained a Neutral rating and increased the price target from $481 to $499 on April 23, 2025 [2]. Baird analyst Peter Arment upgraded the stock from Neutral to Outperform with a price target of $540 on April 23, 2025 [2]. Wells Fargo analyst Matthew Akers maintained an Equal-Weight rating and cut the price target from $476 to $432 on April 8, 2025 [2].

Lockheed Martin shares fell 1.1% to close at $463.96 on Friday, reflecting investor sentiment ahead of the earnings release [2]. The company's stock has lost 4.1% over the past six months, underperforming the Zacks aerospace-defense industry's growth of 21.3% [1]. Other notable stocks in the industry, such as RTX Corporation (RTX) and Huntington Ingalls Industries (HII), have rallied, rising 22.7% and 25.3%, respectively, in the past six months [1].

From a valuation perspective, LMT is trading at a discount compared to its industry, with a forward 12-month earnings multiple of 16.43X, lower than the industry's forward price/earnings multiple of 28.02X [1]. The company's dividend yield of 2.79% outpaces the S&P 500's yield of 1.18% [1].

Investors should closely monitor Lockheed Martin's Q2 earnings report to gauge the company's performance and the impact of global defense spending trends on its business. The earnings report will provide insights into the company's order backlog, which has been bolstered by rising global tensions and increased defense capabilities [1].

References:

[1] https://www.nasdaq.com/articles/lockheed-q2-earnings-horizon-buy-or-sell-ahead-results
[2] https://www.benzinga.com/analyst-stock-ratings/price-target/25/07/46521182/lockheed-martin-likely-to-report-lower-q2-earnings-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call