We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Northrop Grumman (NOC) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Northrop Grumman (NOC - Free Report) reported $10.13 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9%. EPS of $6.32 for the same period compares to $5.50 a year ago.
The reported revenue represents a surprise of +3.56% over the Zacks Consensus Estimate of $9.78 billion. With the consensus EPS estimate being $5.83, the EPS surprise was +8.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northrop Grumman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Aeronautics Systems: $2.97 billion versus $2.63 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.
Sales- Defense Systems: $1.41 billion compared to the $1.44 billion average estimate based on five analysts. The reported number represents a change of +2.6% year over year.
Sales- Intersegment eliminations: -$562 million versus -$557.42 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
Sales- Space Systems: $3.66 billion versus the five-analyst average estimate of $3.58 billion. The reported number represents a year-over-year change of +9.1%.
Sales- Mission Systems: $2.66 billion compared to the $2.67 billion average estimate based on five analysts. The reported number represents a change of +3.8% year over year.
Operating income (loss)- Intersegment eliminations: -$80 million compared to the -$73.87 million average estimate based on five analysts.
Operating income (loss)- Defense Systems: $177 million compared to the $170.72 million average estimate based on five analysts.
Operating income (loss)- Mission Systems: $378 million versus $397.28 million estimated by five analysts on average.
Operating income (loss)- Space Systems: $332 million compared to the $315.46 million average estimate based on five analysts.
Operating income (loss)- Aeronautics Systems: $297 million versus $280.02 million estimated by five analysts on average.
Segment operating income adjustment- Unallocated corporate expenses: -$39 million versus the three-analyst average estimate of -$63.04 million.
Segment operating income adjustment- FAS/CAS operating adjustment: $6 million compared to the $7.33 million average estimate based on three analysts.
Shares of Northrop Grumman have returned -0.6% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Northrop Grumman (NOC) Reports Q1 Earnings: What Key Metrics Have to Say
Northrop Grumman (NOC - Free Report) reported $10.13 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9%. EPS of $6.32 for the same period compares to $5.50 a year ago.
The reported revenue represents a surprise of +3.56% over the Zacks Consensus Estimate of $9.78 billion. With the consensus EPS estimate being $5.83, the EPS surprise was +8.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northrop Grumman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Aeronautics Systems: $2.97 billion versus $2.63 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.
- Sales- Defense Systems: $1.41 billion compared to the $1.44 billion average estimate based on five analysts. The reported number represents a change of +2.6% year over year.
- Sales- Intersegment eliminations: -$562 million versus -$557.42 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Sales- Space Systems: $3.66 billion versus the five-analyst average estimate of $3.58 billion. The reported number represents a year-over-year change of +9.1%.
- Sales- Mission Systems: $2.66 billion compared to the $2.67 billion average estimate based on five analysts. The reported number represents a change of +3.8% year over year.
- Operating income (loss)- Intersegment eliminations: -$80 million compared to the -$73.87 million average estimate based on five analysts.
- Operating income (loss)- Defense Systems: $177 million compared to the $170.72 million average estimate based on five analysts.
- Operating income (loss)- Mission Systems: $378 million versus $397.28 million estimated by five analysts on average.
- Operating income (loss)- Space Systems: $332 million compared to the $315.46 million average estimate based on five analysts.
- Operating income (loss)- Aeronautics Systems: $297 million versus $280.02 million estimated by five analysts on average.
- Segment operating income adjustment- Unallocated corporate expenses: -$39 million versus the three-analyst average estimate of -$63.04 million.
- Segment operating income adjustment- FAS/CAS operating adjustment: $6 million compared to the $7.33 million average estimate based on three analysts.
View all Key Company Metrics for Northrop Grumman here>>>Shares of Northrop Grumman have returned -0.6% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.