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Northrop Grumman (NOC) Beats on Q3 Earnings, Sales Estimates
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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 8.69%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Northrop Grumman comfortably surpassed earnings estimates. Adjusted earnings per share came in at $3.35 compared to the Zacks Consensus Estimate of $2.81.
Revenue: Revenues of $6,155 million also exceeded the Zacks Consensus Estimate of $5,981 million.
Key Stats: Northrop Grumman increased its full-year 2016 earnings guidance to the range of $11.55 to $11.75 per share, from the prior range of $10.75 to $11.00 per share, on increased revenue guidance in the range of $23.9 –$24.1 billion (compared to earlier provided guidance of $23.5 –$24 billion).
Stock Price: Following the earnings release, Northrop has gained 1.8% in the pre-market trading session. This reflects investors’ optimism on the results. However, the price movement during the full trading session will show whether the results have affected the market.
Check back later for our full write up on this NOC earnings report later!
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Northrop Grumman (NOC) Beats on Q3 Earnings, Sales Estimates
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 8.69%.
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Northrop Grumman comfortably surpassed earnings estimates. Adjusted earnings per share came in at $3.35 compared to the Zacks Consensus Estimate of $2.81.
NORTHROP GRUMMN Price and EPS Surprise
NORTHROP GRUMMN Price and EPS Surprise | NORTHROP GRUMMN Quote
Revenue: Revenues of $6,155 million also exceeded the Zacks Consensus Estimate of $5,981 million.
Key Stats: Northrop Grumman increased its full-year 2016 earnings guidance to the range of $11.55 to $11.75 per share, from the prior range of $10.75 to $11.00 per share, on increased revenue guidance in the range of $23.9 –$24.1 billion (compared to earlier provided guidance of $23.5 –$24 billion).
Stock Price: Following the earnings release, Northrop has gained 1.8% in the pre-market trading session. This reflects investors’ optimism on the results. However, the price movement during the full trading session will show whether the results have affected the market.
Check back later for our full write up on this NOC earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>