Northrop Grumman Corporation (NYSE:NOC) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NOC to report 3Q20 income of $ 5.64 per share.
For the full year, analysts anticipate top line of $ 35469.20 million, while looking forward to income of $ 22.48 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 35,300.00 million ~ $ 35,600.00 million, where as bottomline are predicted in a range of $ 22.00 ~ $ 22.40 per share
Click Here For More Historical Outlooks Of Northrop Grumman Corporation
Previous Quarter Performance
Northrop Grumman Corporation revealed income for the second quarter of $ 6.01 per share, from the revenue of $ 8,884.00 million. The quarterly earnings 18.77 percent while revenues increased 5.06 percent compared with the same quarter last year.
Street analysts expected Northrop Grumman Corporation to report income of $ 5.32 per share on revenue of $ 8626.00 million for the second quarter. The bottom line results beat street analysts by $ 0.69 or 12.97 percent, at the same time, top line results outshined analysts by $ 258.00 million or 2.99 percent.
Stock Performance
Shares of Northrop Grumman Corporation traded low $ -0.39 or -0.13 percent on Wednesday, reaching $ 308.66 with volume of 466.20 thousand shares. The stock opened down for the day at $ 308.04, after closing the previous day trading at $ 309.05.
According to the previous trading day, closing price of $ 309.05, representing a 17.37 % increase from the 52 week low of $ 263.31 and a 19.73 % decrease over the 52 week high of $ 385.01.
The company has a market capital of $ 51.46 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 6th October 2020, upgraded by RBC Capital to Outperform from Sector Perform rating.
- On 8th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 470.00 target price.
Conference Call
Northrop Grumman Corporation will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.northropgrumman.com
Northrop Grumman Corporation operates as a security company. It provides various systems, products, and solutions in autonomous systems, cyber, space, strike, and logistics and modernization, as well as in command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR) to customers worldwide. The company operates Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services segments.
