Northrop Grumman (NYSE: NOC ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Northrop Grumman beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share grew.
Margins dropped across the board.
Northrop Grumman logged revenue of $6.10 billion. The 14 analysts polled by S&P Capital IQ anticipated sales of $5.96 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $2.03. The 19 earnings estimates compiled by S&P Capital IQ predicted $1.71 per share. GAAP EPS of $2.03 for Q1 were 3.6% higher than the prior-year quarter's $1.96 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.6%, 30 basis points worse than the prior-year quarter. Operating margin was 12.4%, 40 basis points worse than the prior-year quarter. Net margin was 8.0%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $6.00 billion. On the bottom line, the average EPS estimate is $1.73.
Next year's average estimate for revenue is $23.97 billion. The average EPS estimate is $7.02.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 798 members out of 863 rating the stock outperform, and 65 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give Northrop Grumman a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northrop Grumman is hold, with an average price target of $67.13.
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