Northrop Grumman Corp reports results for the quarter ended in March - Earnings Summary

• Northrop Grumman Corp NOC reported quarterly adjusted earnings of $6.32​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $5.50. The mean expectation of twenty analysts for the quarter was for earnings of $5.79 per share. Wall Street expected results to range from $5.62 to $6.04 per share.

• Revenue rose 8.9% to $10.13 billion from a year ago; analysts expected $9.77 billion.

• Northrop Grumman Corp's reported EPS for the quarter was $6.32​.

• The company reported quarterly net income of $944 million.

• Northrop Grumman Corp shares had fallen by 0.9% this quarter and gained 1.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "hold"

Wall Street's median 12-month price target for Northrop Grumman Corp is $482.50

This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)