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Northrop (NOC) Beats Q1 Earnings and Revenues Estimates

Falls Church, VA-based aerospace and defense operator Northrop Grumman Corporation NOC 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 three of the last four quarters, resulting in a positive average surprise of 5.58%.
 
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 3 (Hold) but that could change following its first quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Northrop Grumman surpassed earnings estimates. Adjusted earnings per share came in at $2.77, 12.1% higher than the Zacks Consensus Estimate of $2.47.

Revenue: Revenues of $5,956 million surpassed the Zacks Consensus Estimate of $5,930 million by 0.4%.

Key Stats: Northrop Grumman increased its full-year 2016 earnings guidance to the range of $10.40 to $10.70 per share, from the prior range of $9.90 to $10.20 per share, on revenue in the range of $23.5 billion to $24 billion.

Stock Price: It would be interesting to see how the market reacts to the mixed results during the trading session today.

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

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NORTHROP GRUMMN (NOC): Free Stock Analysis Report
 
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