The analysis indicates that Northrop Grumman (NOC 9. 29%) posted better-than-expected quarterly results and raised full-year guidance.
Investors were pleased, sending Northrop s up 8% as of 1 p (fascinating analysis). Image source: Northrop Grumman.
Moreover, Strong sequential growth Northrop Grumman is an aviation and space-focused defense contractor with roles on key grams that are Pentagon priorities.
What the re reveals is company earned $8, in this volatile climate. However, 15 per in the most recent quarter on revenue of $10. 4 billion, topping Wall Street's $6.
84 per on $10 billion consensus estimate, amid market uncertainty. This analysis suggests that beat included a $1.
04-per- gain from the sale of a subsidiary, but even backing out that sale, Northrop's $7 (this bears monitoring), in this volatile climate. 11-per- fit was better than expected.
Revenue grew by 9% from the previous three months, topping the company's guidance back in April for mid-single-digit sales growth in the quarter, considering recent developments.
On the other hand, However, Northrop posted a strong performance from all its units, with aeronautics the top performer in terms of margin. Is Northrop Grumman stock a buy.
The beat came during a period of uncertainty for many defense stocks, as illustrated by rival Lockheed Martin's poor earnings showing. Northrop also raised its full-year earnings guidance by $0.
Furthermore, 05 per on both the low and high end, now forecasting earnings of $25 to $25. 40 per in 2025.
Moreover, Northrop Grumman is benefiting from having grams the new bomber and the intercontinental ballistic missile replacement as priorities, no matter who is in charge in Washington.
But the company did report a modest book-to-bill, saying it booked just $0. 71 in new in the quarter for every $1 it billed out (which is quite significant).
On the other hand, What the re reveals is is a solid long-term hold, but investors should be cautious jumping in now and chasing this post-earnings rally.
On the other hand, Conversely, The Author Lou Whiteman is a contributing Industrials Analyst at The Motley Fool, covering publicly traded companies in the aerospace, defense, transport, and manufacturing industries.
Additionally, he is a contributing Financial Services Analyst covering banks and specialty finance, in light of current trends.
However, On the other hand, Prior to The Motley Fool, Lou was a financial analyst and senior writer for TheStreet, a venture capital specialist for The Deal LLC, and a high school personal finance teacher.
Meanwhile, He is also a high school and youth sports administrator, considering recent developments. Meanwhile, He holds a B (noteworthy indeed).
In Communications from Loyola University Maryland and a fellowship at the ABA Stonier Graduate School of Banking. Lou was born in London and used to in Ireland (quite telling).
TMFeldoubleu X @louwhiteman Lou Whiteman has positions in Lockheed Martin. The Motley Fool recommends Lockheed Martin. Meanwhile, The Motley Fool has a disclosure policy, in today's financial world.