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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 7.61%.
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 2 (Buy) but that could change following its first quarter 2017 earnings report which has just released. You can seethe complete list of today’s Zacks #1 Rank 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 $3.63 compared to the Zacks Consensus Estimate of $2.90.
Northrop Grumman Corporation Price and EPS Surprise
Revenue: Revenues of $6.27 billion also exceeded the Zacks Consensus Estimate of $6.12 billion.
Key Stats: Northrop Grumman’s cash used in operating activities totaled $439 million in the first quarter of 2017 compared to $60 million used in the first quarter of 2016
For 2017, the company continues to expect to generate sales of $25 billion. On the bottom line front, the company has raised its outlook. The company now expects to earn earnings in the range of $11.80–$12.10 per share compared to earlier guidance range of $11.30 to $11.60 per share.
Stock Price: Following the earnings release, Northrop has gained 0.75% in the pre-market trading session. This reflects investors’ optimism on the results, as the company posted better-than-expected performance.
Check back later for our full write up on this NOC earnings report later!
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Northrop Grumman (NOC) Tops Q1 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 7.61%.
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 2 (Buy) but that could change following its first quarter 2017 earnings report which has just released. You can seethe complete list of today’s Zacks #1 Rank 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 $3.63 compared to the Zacks Consensus Estimate of $2.90.
Northrop Grumman Corporation Price and EPS Surprise
Northrop Grumman Corporation Price and EPS Surprise | Northrop Grumman Corporation Quote
Revenue: Revenues of $6.27 billion also exceeded the Zacks Consensus Estimate of $6.12 billion.
Key Stats: Northrop Grumman’s cash used in operating activities totaled $439 million in the first quarter of 2017 compared to $60 million used in the first quarter of 2016
For 2017, the company continues to expect to generate sales of $25 billion. On the bottom line front, the company has raised its outlook. The company now expects to earn earnings in the range of $11.80–$12.10 per share compared to earlier guidance range of $11.30 to $11.60 per share.
Stock Price: Following the earnings release, Northrop has gained 0.75% in the pre-market trading session. This reflects investors’ optimism on the results, as the company posted better-than-expected performance.
Check back later for our full write up on this NOC earnings report later!
Zacks’ Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>