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Northrop Grumman (NOC)
NYSE:NOC
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
6.35Last Year’s EPS
6.27Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -6.43%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance by Northrop Grumman, with record backlog, revenue growth, and increased margins. However, challenges remain, particularly in the Space segment and the supply chain, which the company is actively addressing. Overall, the positive aspects outweigh the negative ones, indicating a strong market position and future growth potential.Company Guidance
In Northrop Grumman's Q3 2024 earnings call, the company provided a robust set of metrics underscoring its strong performance and strategic guidance. The backlog reached a record $85 billion, more than twice its annual revenue, reflecting a solid book-to-bill ratio and affirming future growth confidence. Year-to-date revenue increased by 6%, with the company on track to meet its full-year guidance of 5% growth. Segment operating margins increased to 11.5%, marking the highest rate in over two years, while earnings per share rose to $7, a 13% increase from the previous year. Free cash flow was reported at $730 million, aligning with expectations and supporting both business growth and shareholder returns. The company also raised its EPS guidance by $0.75, signaling confidence in continued growth and profitability through productivity and efficiency initiatives. Looking ahead to 2025, Northrop Grumman projects sales growth between 3% and 4%, with anticipated margin improvements and a 20% year-over-year increase in free cash flow, supported by stabilizing supply chains and favorable macroeconomic conditions.Record Backlog and Strong Book-to-Bill Ratio
Backlog reached a new record level of $85 billion, with a strong book-to-bill ratio, indicating robust demand and future growth potential.
Revenue and Margin Growth
Year-to-date revenue increased by 6%, with segment operating margins rising to 11.5%, the highest in over 2 years.
Earnings and Cash Flow Performance
Earnings per share increased by 13% in the quarter, and free cash flow was $730 million, providing flexibility for capital deployment.
International Sales Growth
International backlog increased to almost $8 billion, with strong awards, including $2.7 billion in the third quarter.
Defense Systems and Mission Systems Demand
Defense Systems had a book-to-bill of 1.6x, and Mission Systems saw robust 7% revenue growth, reflecting strong demand.
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NOC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $514.23 | $521.48 | +1.41% |
| Jul 25, 2024 | $438.53 | $466.74 | +6.43% |
| Apr 25, 2024 | $468.64 | $481.96 | +2.84% |
| Jan 25, 2024 | $456.25 | $427.36 | -6.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northrop Grumman (NOC) report earnings?
Northrop Grumman (NOC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Northrop Grumman (NOC) earnings time?
Northrop Grumman (NOC) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOC EPS forecast?
NOC EPS forecast for the fiscal quarter 2024 (Q4) is 6.35.
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