Northrop Grumman Reiterates FY2024 Outlook: Adj EPS $24.45-24.85 vs $24.65 Est; Sees Sales $40.800B-41.200B vs $41.11B Est
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman has reaffirmed its fiscal year 2024 outlook, projecting adjusted earnings per share (EPS) in the range of $24.45 to $24.85, compared to the consensus estimate of $24.65. The company also expects sales to be between $40.800 billion and $41.200 billion, slightly below the consensus estimate of $41.11 billion.
April 25, 2024 | 10:53 am
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Northrop Grumman reiterates its FY2024 outlook with adjusted EPS of $24.45-24.85 against a $24.65 estimate and sales forecast of $40.800B-41.200B, slightly below the $41.11B estimate.
Northrop Grumman's reaffirmation of its FY2024 outlook indicates stability and confidence in its financial projections, which is generally positive. However, the slight miss on the sales forecast compared to consensus estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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