Lockheed Martin Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Lockheed Martin Corporation LMT will release its fourth-quarter financial results, before the opening bell, on Tuesday, Jan. 28, 2025.

Analysts expect the Bethesda, Maryland-based company to report quarterly earnings at $6.61 per share, down from $7.9 per share in the year-ago period. Lockheed Martin projects quarterly revenue of $18.79 billion, compared to $18.87 billion a year earlier, according to data from Benzinga Pro.

On Jan. 22, Lockheed Martin announced a $270 million contract with the U.S. Air Force. The contract is for the integration of next-generation infrared defensive sensors on the F-22 Raptor, enhancing the aircraft's survivability and lethality.

Lockheed Martin shares gained 1.4% to close at $503.69 on Monday.         .

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Jason Gursky maintained a Buy rating and cut the price target from $700 to $600 on Jan. 21, 2025. This analyst has an accuracy rate of 79%.
• JP Morgan analyst Seth Seifman maintained an Overweight rating and slashed the price target from $546 to $540 on Jan. 16, 2025. This analyst has an accuracy rate of 82%.
• Truist Securities analyst Michael Ciarmoli initiated coverage on the stock with a Buy rating and a price target of $579 on Jan. 14, 2025. This analyst has an accuracy rate of 82%.
• Wells Fargo analyst Matthew Akers maintained an Equal-Weight rating and cut the price target from $543 to $500 on Jan. 8, 2025. This analyst has an accuracy rate of 71%.
• Deutsche Bank analyst Scott Deuschle downgraded the stock from Buy to Hold and lowered the price target from $611 to $523 on Jan. 2, 2025. This analyst has an accuracy rate of 75%.

Considering buying LMT stock? Here’s what analysts think:

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