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Falls Church, VA-based aerospace and defense operator Northrop Grumman Corporation (NOC - Free Report) 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.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the fourth quarter for earnings of $2.75 per share has increased by 0.4% over the last 60 days.
Northrop Grumman has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 17.24%.
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 $2.82 compared to the Zacks Consensus Estimate of $2.75.
Revenue: Revenues of $6.63 billion also exceeded the Zacks Consensus Estimate of $6.37 billion.
Key Stats: Northrop Grumman’s total backlog at the end of 2017 were $42.9 billion down 5.5% from the year ago period.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NOC earnings report later!
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Northrop (NOC) Tops Q4 Earnings Estimates, Backlog Drops
Falls Church, VA-based aerospace and defense operator Northrop Grumman Corporation (NOC - Free Report) 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.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the fourth quarter for earnings of $2.75 per share has increased by 0.4% over the last 60 days.
Northrop Grumman has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 17.24%.
Zacks Rank: Currently, Northrop Grumman Corporation has a Zacks Rank# 2 (Buy) but that could change following its fourth quarter 2017 earnings report which has just released. You can seethe complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Northrop Grumman Corporation Price and EPS Surprise
Northrop Grumman Corporation Price and EPS Surprise | Northrop Grumman Corporation Quote
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 $2.82 compared to the Zacks Consensus Estimate of $2.75.
Revenue: Revenues of $6.63 billion also exceeded the Zacks Consensus Estimate of $6.37 billion.
Key Stats: Northrop Grumman’s total backlog at the end of 2017 were $42.9 billion down 5.5% from the year ago period.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NOC earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>