Northrop Grumman (NOC, Financial) has reported a slower than expected sales increase in the first quarter of the year, attributed to delays in the awarding of certain contracts. Despite this initial setback, the company has expressed optimism for improvement over the remaining quarters of the year.
Speaking during its Q1 earnings conference call, Northrop Grumman emphasized that the delays were primarily responsible for the underwhelming start to the year. The firm stated that it foresees an acceleration in sales as the year progresses and it begins to secure the delayed awards.
Investors and stakeholders are closely watching Northrop Grumman's efforts to align its operations with anticipated contract schedules to ensure a stronger performance in the upcoming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Northrop Grumman Corp (NOC, Financial) is $561.49 with a high estimate of $625.00 and a low estimate of $492.08. The average target implies an upside of 18.46% from the current price of $474.00. More detailed estimate data can be found on the Northrop Grumman Corp (NOC) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Northrop Grumman Corp's (NOC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northrop Grumman Corp (NOC, Financial) in one year is $558.29, suggesting a upside of 17.78% from the current price of $474.0001. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northrop Grumman Corp (NOC) Summary page.
