LMT

LMT Earnings Preview

18d until earnings

LMT Earnings

2026-04-21
EPS Estimate
$6.80
$6.41 – $7.25
Revenue Estimate
$18.4B
Earnings Trend
beating
Current Price
$622.79

Our Position

neutral

War resolution risks derail defense rally

structured data est. revisions stable (-0.2pp / 30d)

If war premium collapses, LMT's 28.7x PE and 19.4x EV/EBITDA offer no margin of safety; downside to consensus low of $517 is 22% from current levels, making geopolitical de-escalation a material earnings shock risk.

Watch: Trump's next Iran signaling and Q1 gross margin hold at 11%+ as production velocity justifies the 30x multiple; margin misses trigger 5%+ selloff.

Data Signal Summary

2 bullish
2 bearish
Insider selling cluster Put/call 0.4 (bullish skew) Analysts: bullish Price downtrend

Key Context

Analyst Consensus
bullish
Insider Activity
selling
Price Trend
downtrend
1-Month Return
-6.3%
From 52w High
-8.0%
P/E Ratio
28.7
Est. Revisions (30d)
-1.6% 0up/3dn
Analyst Target (mean)
$664 $517–$756
Options P/C Ratio
0.42
Est. Dispersion
23% 18 analysts
Insider Cluster
strong sell
Fund Convergence
strong D.E. Shaw, Citadel, Two Sigma, Renaissance, Bridgewater

Recent Activity

insider trade
insider trade
insider trade Sale at price 660.62 - 666.05 per share.
insider trade Stock Award(Grant) at price 0.00 per share.
insider trade Stock Award(Grant) at price 0.00 per share.
insider trade Stock Award(Grant) at price 0.00 per share.
insider trade Stock Award(Grant) at price 0.00 per share.
insider trade Stock Award(Grant) at price 0.00 per share.
insider trade Stock Award(Grant) at price 0.00 per share.
insider trade Stock Award(Grant) at price 0.00 per share.

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