Key Takeaways:
- Northrop Grumman (NOC, Financial) experienced a sharp 10% drop in premarket trading due to disappointing quarterly results.
- Analysts predict a moderate upside potential with an average target price of $561.49.
- The company's future outlook reflects challenges in production and space program activities.
Northrop Grumman Corp (NOC) is in the spotlight after revealing a notable dip in its first-quarter profit and revenue, causing a steep 10% decline in its share value during premarket trading. The firm's financial performance showed a net income downturn to $481 million, equating to $3.32 per share, a stark contrast to last year's $944 million, or $6.32 per share. Revenue also witnessed a setback, falling 7% to $9.47 billion, falling short of analyst predictions. The aerospace giant has further adjusted its full-year earnings forecasts downward, attributing this to production shifts and diminished space program activities.
Wall Street Analysts' Forecast
With input from 21 analysts, Northrop Grumman Corp's (NOC, Financial) one-year price targets present a diverse outlook. The average target price is set at $561.49, with projections ranging from a high of $625.00 to a low of $492.08, suggesting an upside potential of 5.68% from its current trading price of $531.33. Detailed estimates are accessible on the Northrop Grumman Corp (NOC) Forecast page.
The consensus among 25 brokerage firms positions Northrop Grumman Corp (NOC, Financial) with an average brokerage recommendation of 2.3, indicating an "Outperform" status. This rating operates on a scale from 1, indicating a Strong Buy, to 5, representing a Sell.
According to GuruFocus estimates, the projected GF Value for Northrop Grumman Corp (NOC, Financial) over the next year is $558.29, which reflects a potential upside of 5.07% from the current price of $531.33. The GF Value offers a fair market value estimation, grounded in historical trading multiples and anticipated business performance. For more comprehensive data, visit the Northrop Grumman Corp (NOC) Summary page.
