Markets
NOC

Northrop Grumman (NOC) Tops Q3 Earnings & Sales Estimates

Falls Church, VA-based aerospace and defense operator Northrop Grumman CorporationNOC 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 12.60%.

Zacks Rank : Currently, Northrop Grumman Corporation has a Zacks Rank# 2 (Buy) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today's Zacks #1 (Strong Buy) 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 $3.68 compared to the Zacks Consensus Estimate of $2.92.

Northrop Grumman Corporation Price and EPS Surprise

Northrop Grumman Corporation Price and EPS Surprise | Northrop Grumman Corporation Quote

Revenue : Revenues of $6.53 billion also exceeded the Zacks Consensus Estimate of $6.32 billion.

Key Stats : Northrop Grumman's cash flow from operating activities totaled $938 million in the third quarter of 2017 compared to $738 million in the third quarter of 2016.

For 2017, the company has raised its financial guidance. It currently expects to generate sales of more than $25 billion, compared to earlier guidance of less than $25 billion. On the bottom line front, the company now expects to earn earnings in the range of $12.90-$13.10 per share compared to earlier guidance range of 12.10-$12.40 per share.

Stock Price : Following the earnings release, Northrop's share price rose 2% in the pre-market trading session, thereby reflecting investors' optimism about its third quarter results.

Check back later for our full write up on this NOC earnings report later!

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Northrop Grumman Corporation (NOC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NOC

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More