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Wall Street's Insights Into Key Metrics Ahead of Northrop Grumman (NOC) Q2 Earnings
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Wall Street analysts forecast that Northrop Grumman (NOC - Free Report) will report quarterly earnings of $6.84 per share in its upcoming release, pointing to a year-over-year decline of 3.8%. It is anticipated that revenues will amount to $10.78 billion, exhibiting an increase of 4.1% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Northrop Grumman metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Sales- Mission Systems' will reach $3.21 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts forecast 'Sales- Aeronautics Systems' to reach $3.27 billion. The estimate suggests a change of +4.9% year over year.
Analysts' assessment points toward 'Sales- Space Systems' reaching $2.73 billion. The estimate indicates a change of +3.2% from the prior-year quarter.
The average prediction of analysts places 'Sales- Defense Systems' at $2.14 billion. The estimate indicates a year-over-year change of +7.3%.
According to the collective judgment of analysts, 'Operating income (loss)- Mission Systems' should come in at $468.64 million. The estimate is in contrast to the year-ago figure of $441.00 million.
It is projected by analysts that the 'Operating income (loss)- Space Systems' will reach $299.67 million. Compared to the current estimate, the company reported $280.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating income (loss)- Aeronautics Systems' will reach $307.92 million. Compared to the present estimate, the company reported $321.00 million in the same quarter last year.
Analysts expect 'Operating income (loss)- Defense Systems' to come in at $214.78 million. The estimate is in contrast to the year-ago figure of $253.00 million.
The consensus estimate for 'Segment operating income adjustment- Unallocated corporate expenses' stands at -$55.00 million. The estimate is in contrast to the year-ago figure of $143.00 million.
Over the past month, shares of Northrop Grumman have returned -4.5% versus the Zacks S&P 500 composite's +0.5% change. Currently, NOC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of Northrop Grumman (NOC) Q2 Earnings
Wall Street analysts forecast that Northrop Grumman (NOC - Free Report) will report quarterly earnings of $6.84 per share in its upcoming release, pointing to a year-over-year decline of 3.8%. It is anticipated that revenues will amount to $10.78 billion, exhibiting an increase of 4.1% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Northrop Grumman metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Sales- Mission Systems' will reach $3.21 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts forecast 'Sales- Aeronautics Systems' to reach $3.27 billion. The estimate suggests a change of +4.9% year over year.
Analysts' assessment points toward 'Sales- Space Systems' reaching $2.73 billion. The estimate indicates a change of +3.2% from the prior-year quarter.
The average prediction of analysts places 'Sales- Defense Systems' at $2.14 billion. The estimate indicates a year-over-year change of +7.3%.
According to the collective judgment of analysts, 'Operating income (loss)- Mission Systems' should come in at $468.64 million. The estimate is in contrast to the year-ago figure of $441.00 million.
It is projected by analysts that the 'Operating income (loss)- Space Systems' will reach $299.67 million. Compared to the current estimate, the company reported $280.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating income (loss)- Aeronautics Systems' will reach $307.92 million. Compared to the present estimate, the company reported $321.00 million in the same quarter last year.
Analysts expect 'Operating income (loss)- Defense Systems' to come in at $214.78 million. The estimate is in contrast to the year-ago figure of $253.00 million.
The consensus estimate for 'Segment operating income adjustment- Unallocated corporate expenses' stands at -$55.00 million. The estimate is in contrast to the year-ago figure of $143.00 million.
View all Key Company Metrics for Northrop Grumman here>>>Over the past month, shares of Northrop Grumman have returned -4.5% versus the Zacks S&P 500 composite's +0.5% change. Currently, NOC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .