Northrop Grumman

Industrial Goods | Aerospace/Defense - Major Diversified | USA
Northrop Grumman beats profit expectations, but provides downbeat outlook

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Net income fell to $356 million, or $2.06 a share, from $672 million, or $3.83 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $4.93, above the FactSet consensus of $4.42. Sales rose to $8.16 billion from $6.55 billion, topping the FactSet consensus of $8.12 billion,...

https://www.marketwatch.com/story/northr...yptr=yahoo

Bull of the Day: Northrop Grumman

With an annual budget north of $4.4 trillion, The U.S. is the largest single consumer of virtually everything it purchases. The defense portion of U.S. expenditures naturally rises in time or war, but with conflict in Iraq and Afghanistan greatly reduced, had settled into a range between $560 and $600 billion annually during the second term of the Obama administration.

As of 2016, the United States accounted for more than a third of global defense spending and it’s been on the rise since then.

President Trump campaigned on a promise to “rebuild our depleted military” and in office, he’s living up to that promise.

In August 2018, Trump signed into law the 2019 National Defense Authorization Act, committing $716 billion to defense spending during the fiscal year. Even when other budget consideration remain unresolved, Congress and the President have an easy time agreeing on defense spending.

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https://www.zacks.com/commentary/210106/...op-grumman

Northrop Grumman (NOC) Beats on Q1 Earnings, Ups '19 EPS View

Northrop Grumman Corporation NOC reported first-quarter 2019 earnings of $5.06 per share, which surpassed the Zacks Consensus Estimate of $4.59 by 10.2%. The bottom line also increased 5.6% from $4.79 recorded in the year-ago quarter. The year-over-year improvement can be primarily attributed to the addition of Innovation Systems in 2018 and solid sales growth.

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https://finance.yahoo.com/news/northrop-...03103.html

Northrop Grumman (NOC) Q2 Earnings and Revenues Beat Estimates

Northrop Grumman (NOC) came out with quarterly earnings of $5.06 per share, beating the Zacks Consensus Estimate of $4.64 per share. This compares to earnings of $3.93 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.05%. A quarter ago, it was expected that this defense contractor would post earnings of $4.59 per share when it actually produced earnings of $5.06, delivering a surprise of 10.24%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Northrop Grumman, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $8.46 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.66%. This compares to year-ago revenues of $7.12 billion.


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https://finance.yahoo.com/news/northrop-...11950.html

Northrop Grumman (NOC) Beats on Q3 Earnings, Ups '19 EPS View

Northrop Grumman Corporation NOC reported third-quarter 2019 earnings of $5.49 per share, which surpassed the Zacks Consensus Estimate of $4.74 by 15.8%. However, the bottom line declined 22.8% from $7.11 reported in the year-ago quarter.

Total Sales

In third-quarter 2019, Northrop Grumman reported total sales of $8,475 million, which missed the Zacks Consensus Estimate of $8,546 million by 0.83%. However, sales grew 4.8% from the year-ago quarter’s $8,085 million. The upside was driven by growth in all business segments.

Backlog

Northrop Grumman’s total backlog at the end of third-quarter 2019 was $65 billion. Funded backlog during the quarter amounted to $31.96 billion, whereas unfunded backlog amounted to $33.04 billion.


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https://finance.yahoo.com/news/northrop-...01215.html

Northrop Grumman (NOC) Beats Q4 Earnings Estimates

Northrop Grumman (NOC) came out with quarterly earnings of $5.61 per share, beating the Zacks Consensus Estimate of $4.78 per share. This compares to earnings of $4.93 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 17.36%. A quarter ago, it was expected that this defense contractor would post earnings of $4.74 per share when it actually produced earnings of $5.49, delivering a surprise of 15.82%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Northrop Grumman, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $8.72 billion for the quarter ended December 2019, missing the Zacks Consensus Estimate by 1.21%. This compares to year-ago revenues of $8.16 billion.


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https://finance.yahoo.com/news/northrop-...12060.html

Northrop Grumman (NOC) Beats on Q3 Earnings, Ups '20 View

Northrop Grumman Corporation NOC reported third-quarter 2020 earnings of $5.89 per share, which surpassed the Zacks Consensus Estimate of $5.60 by 5.2%. Moreover, the bottom line improved 7% from $5.49 reported in the year-ago quarter.

Total Sales
In third-quarter 2020, Northrop Grumman reported total sales of $9,083 million, which surpassed the Zacks Consensus Estimate of $8,838 million by 2.77%. Moreover, sales grew 7% from the year-ago quarter’s $8,475 million. The upside was driven by growth in majority of its business segments.

Backlog
Northrop Grumman’s total backlog at the end of third-quarter 2020 was $81.3 billion. Funded backlog during the quarter amounted to $33.3 billion, whereas unfunded backlog amounted to $48 billion.


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https://finance.yahoo.com/news/northrop-...03427.html