Northrop Grumman Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Northrop Grumman Corporation (NYSE:NOC) is anticipated to report lower Q4 earnings at $5.80 per share compared to $7.50 per share in the previous year. Revenue is expected to be $10.44 billion, up from $10.03 billion. The company recently tested a new rocket motor. NOC shares dropped 0.9% to $463.92. Analysts have revised price targets and ratings, with the most accurate analysts suggesting a neutral to negative outlook.
January 25, 2024 | 6:40 am
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NEGATIVE IMPACT
Northrop Grumman is expected to report lower Q4 earnings but higher revenue. Recent analyst downgrades and price target changes suggest a cautious market sentiment.
The expected decrease in earnings per share (EPS) is a negative signal for investors, often leading to a bearish short-term sentiment. The recent downgrades by analysts with high accuracy rates further support a potential decline in NOC's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100