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Northrop Grumman Corporation (NYSE:NOC ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Todd Ernst - VP, IR Kathy Warden - Chair and CEO Dave Keffer - President and CFO Ken Crews - Upcoming CFO Conference Call Participants Robert Stallard - Vertical Research Ronald Epstein - Bank of America Securities Sheila Kahyaoglu - Jefferies David Strauss - Barclays Jason Gursky - Citigroup Scott Deuschle - Deutsche Bank Gautam Khanna - TD Cowen Doug Harned - Bernstein Ken Herbert - RBC Capital Markets Myles Walton - Wolfe Research Seth Seifman - JPMorgan Matt Akers - Wells Fargo Securities Scott Mikus - Melius Research Operator Good day, ladies and gentlemen, and welcome to Northrop Grumman's Third Quarter 2024 Conference Call. Today's call is being recorded.
Although the revenue and EPS for Northrop Grumman (NOC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NOC's total Q3 sales miss the Zacks Consensus Estimate by 2.2%. The top line also rises 2.3% from the year-ago level.
Northrop Grumman (NOC) came out with quarterly earnings of $7 per share, beating the Zacks Consensus Estimate of $6.07 per share. This compares to earnings of $6.18 per share a year ago.
U.S. defense company Northrop Grumman on Thursday raised its 2024 profit forecast for the second time, amid increased global defense spending prompted by conflicts in the Middle East and the protracted Russia-Ukraine war.
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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Northrop Grumman (NOC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Investors with an interest in Aerospace - Defense stocks have likely encountered both Northrop Grumman (NOC) and Lockheed Martin (LMT). But which of these two stocks presents investors with the better value opportunity right now?
NOC has an Earnings ESP of +1.12% and a Zacks Rank #2 at present. These increase the chances of an earnings beat this reporting cycle.
Northrop Grumman (NOC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Northrop Grumman offers a balanced investment profile with growth and income potential, boasting a strong backlog and impressive revenue growth across key segments. The company is well-positioned with a $83 billion backlog and favorable U.S. defense budget outlook, supporting sustained performance and growth. NOC's valuation at a forward PE of 21 is justified by its solid fundamentals, growing global defense needs, and high single-digit EPS growth potential.