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Northrop Grumman (NOC) Stock Sinks As Market Gains: What You Should Know
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Northrop Grumman (NOC - Free Report) closed at $479.38 in the latest trading session, marking a -0.52% move from the prior day. This change lagged the S&P 500's 1.5% gain on the day. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 0.32%.
Prior to today's trading, shares of the defense contractor had gained 1.99% over the past month. This has outpaced the Aerospace sector's loss of 3.96% and the S&P 500's loss of 6.54% in that time.
Investors will be hoping for strength from Northrop Grumman as it approaches its next earnings release, which is expected to be July 28, 2022. In that report, analysts expect Northrop Grumman to post earnings of $6.03 per share. This would mark a year-over-year decline of 6.07%. Our most recent consensus estimate is calling for quarterly revenue of $9.12 billion, down 0.37% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $24.80 per share and revenue of $36.59 billion. These totals would mark changes of -3.24% and +2.6%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Northrop Grumman. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Northrop Grumman is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Northrop Grumman's current valuation metrics, including its Forward P/E ratio of 19.43. This valuation marks a premium compared to its industry's average Forward P/E of 17.21.
Investors should also note that NOC has a PEG ratio of 3.19 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 2.06 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 182, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Northrop Grumman (NOC) Stock Sinks As Market Gains: What You Should Know
Northrop Grumman (NOC - Free Report) closed at $479.38 in the latest trading session, marking a -0.52% move from the prior day. This change lagged the S&P 500's 1.5% gain on the day. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 0.32%.
Prior to today's trading, shares of the defense contractor had gained 1.99% over the past month. This has outpaced the Aerospace sector's loss of 3.96% and the S&P 500's loss of 6.54% in that time.
Investors will be hoping for strength from Northrop Grumman as it approaches its next earnings release, which is expected to be July 28, 2022. In that report, analysts expect Northrop Grumman to post earnings of $6.03 per share. This would mark a year-over-year decline of 6.07%. Our most recent consensus estimate is calling for quarterly revenue of $9.12 billion, down 0.37% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $24.80 per share and revenue of $36.59 billion. These totals would mark changes of -3.24% and +2.6%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Northrop Grumman. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Northrop Grumman is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Northrop Grumman's current valuation metrics, including its Forward P/E ratio of 19.43. This valuation marks a premium compared to its industry's average Forward P/E of 17.21.
Investors should also note that NOC has a PEG ratio of 3.19 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 2.06 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 182, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.