Northrop Grumman Earnings Preview: Can This Streak Continue?

Northrop Grumman (NYSE:NOC) will report earnings before markets open on Wednesday, April 24th. Northrop Grumman Corporation is a global security company. The Company provides systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.

Here is your Cheat Sheet to Northrop Grumman Earnings:

Earnings Expectations: Analysts expect earnings of $1.74 per share on revenues of $5.97 billion. Currently, the company’s P/E ratio stands at 8.95.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.73 and has not changed. For the current year, the average estimate is a profit of $7.03, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Northrop Grumman has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 32,320 27,650 28,140 26,410 25,220
Diluted EPS ($) -3.77 5.21 6.82 7.52 7.81

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 6,506 6,198 6,274 6,270 6,476
Diluted EPS ($) 2.06 1.96 1.88 1.82 2.15

Past Performance:
Northrop Grumman has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]