Falls Church, VA-based aerospace and defense operator Northrop Grumman Corporation (NOC - Free Report) supplies a broad array of products and services to the U.S. Department of Defense, including electronic systems, information technology, aircraft, space technology and systems integration services.
Surprise History
Northrop Grumman has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 9.94%.
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 2 (Buy) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Northrop Grumman surpassed earnings estimates. Adjusted earnings per share came in at $2.60 compared to the Zacks Consensus Estimate of $2.50.
Revenue: Revenues of $6,000 million missed the Zacks Consensus Estimate of $6,071 million.
Key Stats: Northrop Grumman increased its full-year 2016 earnings guidance to the range of $10.75 to $11.00 per share, from the prior range of $10.40 to $10.70 per share, on revenue in the range of $23.5 billion to $24 billion.
Stock Price: It would be interesting to see how the market reacts to the mixed results during the trading session today.
Check back later for our full write up on this NOC earnings report later!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Falls Church, VA-based aerospace and defense operator Northrop Grumman Corporation (NOC - Free Report) supplies a broad array of products and services to the U.S. Department of Defense, including electronic systems, information technology, aircraft, space technology and systems integration services.
Surprise History
Northrop Grumman has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 9.94%.
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 2 (Buy) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Northrop Grumman surpassed earnings estimates. Adjusted earnings per share came in at $2.60 compared to the Zacks Consensus Estimate of $2.50.
Revenue: Revenues of $6,000 million missed the Zacks Consensus Estimate of $6,071 million.
Key Stats: Northrop Grumman increased its full-year 2016 earnings guidance to the range of $10.75 to $11.00 per share, from the prior range of $10.40 to $10.70 per share, on revenue in the range of $23.5 billion to $24 billion.
Stock Price: It would be interesting to see how the market reacts to the mixed results during the trading session today.
Check back later for our full write up on this NOC earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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