S&P 500 (NYSE:SPY) component Northrop Grumman (NYSE:NOC) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Northrop Grumman offers its global customers innovative products, services, and solutions in information and services, aerospace, electronics, and shipbuilding.
Northrop Grumman Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.74 per share, a decline of 5.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.73. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.74 during the last month. Analysts are projecting profit to rise by 14.2% compared to last year’s $7.41.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting profit of $1.73 per share against a mean estimate of net income of $1.70 per share.
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A Look Back: In the third quarter, profit fell 11.7% to $459 million ($1.82 a share) from $520 million ($1.86 a share) the year earlier, but exceeded analyst expectations. Revenue fell 5.2% to $6.27 billion from $6.61 billion.
Here’s how Northrop Grumman traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: