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Exploring Analyst Estimates for Northrop Grumman (NOC) Q3 Earnings, Beyond Revenue and EPS
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In its upcoming report, Northrop Grumman (NOC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $7.22 per share, reflecting a decline of 5.9% compared to the same period last year. Revenues are forecasted to be $11.06 billion, representing a year-over-year increase of 6.1%.
Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Northrop Grumman metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Sales- Mission Systems' to come in at $3.18 billion. The estimate suggests a change of +3% year over year.
Analysts predict that the 'Sales- Aeronautics Systems' will reach $3.51 billion. The estimate indicates a year-over-year change of +11.6%.
Analysts' assessment points toward 'Sales- Space Systems' reaching $2.80 billion. The estimate points to a change of +3.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Sales- Defense Systems' should arrive at $2.20 billion. The estimate suggests a change of +6.8% year over year.
The consensus estimate for 'Operating income (loss)- Mission Systems' stands at $474.86 million. The estimate compares to the year-ago value of $515.00 million.
According to the collective judgment of analysts, 'Operating income (loss)- Space Systems' should come in at $306.42 million. Compared to the present estimate, the company reported $298.00 million in the same quarter last year.
The consensus among analysts is that 'Operating income (loss)- Aeronautics Systems' will reach $337.46 million. The estimate compares to the year-ago value of $305.00 million.
It is projected by analysts that the 'Operating income (loss)- Defense Systems' will reach $233.89 million. Compared to the current estimate, the company reported $234.00 million in the same quarter of the previous year.
Northrop Grumman shares have witnessed a change of -6.6% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), NOC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Northrop Grumman (NOC) Q3 Earnings, Beyond Revenue and EPS
In its upcoming report, Northrop Grumman (NOC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $7.22 per share, reflecting a decline of 5.9% compared to the same period last year. Revenues are forecasted to be $11.06 billion, representing a year-over-year increase of 6.1%.
Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Northrop Grumman metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Sales- Mission Systems' to come in at $3.18 billion. The estimate suggests a change of +3% year over year.
Analysts predict that the 'Sales- Aeronautics Systems' will reach $3.51 billion. The estimate indicates a year-over-year change of +11.6%.
Analysts' assessment points toward 'Sales- Space Systems' reaching $2.80 billion. The estimate points to a change of +3.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Sales- Defense Systems' should arrive at $2.20 billion. The estimate suggests a change of +6.8% year over year.
The consensus estimate for 'Operating income (loss)- Mission Systems' stands at $474.86 million. The estimate compares to the year-ago value of $515.00 million.
According to the collective judgment of analysts, 'Operating income (loss)- Space Systems' should come in at $306.42 million. Compared to the present estimate, the company reported $298.00 million in the same quarter last year.
The consensus among analysts is that 'Operating income (loss)- Aeronautics Systems' will reach $337.46 million. The estimate compares to the year-ago value of $305.00 million.
It is projected by analysts that the 'Operating income (loss)- Defense Systems' will reach $233.89 million. Compared to the current estimate, the company reported $234.00 million in the same quarter of the previous year.
View all Key Company Metrics for Northrop Grumman here>>>Northrop Grumman shares have witnessed a change of -6.6% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), NOC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .