Northrop Grumman Future Growth

Future criteria checks 3/6

Northrop Grumman is forecast to grow earnings and revenue by 12.7% and 3.8% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 25.3% in 3 years.

Key information

12.7%

Earnings growth rate

14.3%

EPS growth rate

Aerospace & Defense earnings growth	20.7%
Revenue growth rate	3.8%
Future return on equity	25.3%
Analyst coverage	Good
Last updated	20 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

LSE:0K92 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	44,891	4,132	3,317	4,698	15
12/31/2025	42,921	3,979	3,029	4,620	21
12/31/2024	41,339	3,714	2,551	4,316	21
6/30/2024	40,764	2,286	2,625	4,377	N/A
3/31/2024	40,122	2,158	2,135	3,871	N/A
12/31/2023	39,290	2,056	2,100	3,875	N/A
9/30/2023	38,685	4,671	2,092	3,696	N/A
6/30/2023	37,881	4,649	2,262	3,803	N/A
3/31/2023	37,106	4,783	1,187	2,687	N/A
12/31/2022	36,602	4,896	1,466	2,901	N/A
9/30/2022	35,208	5,526	556	2,092	N/A
6/30/2022	34,957	5,674	433	1,920	N/A
3/31/2022	35,307	5,765	1,691	3,145	N/A
12/31/2021	35,667	7,005	2,152	3,567	N/A
9/30/2021	37,240	4,625	2,453	3,727	N/A
6/30/2021	37,603	4,548	2,609	3,923	N/A
3/31/2021	37,336	4,516	3,879	5,232	N/A
12/31/2020	36,799	3,189	2,885	4,305	N/A
9/30/2020	35,308	2,450	3,868	5,167	N/A
6/30/2020	34,700	2,397	3,678	4,947	N/A
3/31/2020	34,272	2,253	2,965	4,217	N/A
12/31/2019	33,841	2,248	3,033	4,297	N/A
9/30/2019	33,276	3,013	2,954	4,210	N/A
6/30/2019	32,886	3,324	2,602	3,883	N/A
3/31/2019	31,549	3,252	1,923	3,151	N/A
12/31/2018	30,095	3,229	2,578	3,827	N/A
9/30/2018	28,491	3,894	1,993	3,057	N/A
6/30/2018	26,975	3,293	2,184	3,183	N/A
3/31/2018	26,329	3,059	N/A	2,815	N/A
12/31/2017	26,004	2,869	N/A	2,613	N/A
9/30/2017	25,849	2,373	N/A	2,537	N/A
6/30/2017	25,435	2,332	N/A	2,337	N/A
3/31/2017	24,962	2,294	N/A	2,434	N/A
12/31/2016	24,706	2,043	N/A	2,813	N/A
9/30/2016	23,805	2,134	N/A	2,915	N/A
6/30/2016	23,629	2,048	N/A	2,734	N/A
3/31/2016	23,525	2,062	N/A	2,756	N/A
12/31/2015	23,526	1,990	N/A	2,162	N/A
9/30/2015	23,940	2,037	N/A	2,019	N/A
6/30/2015	23,945	1,994	N/A	2,395	N/A
3/31/2015	24,088	1,974	N/A	2,341	N/A
12/31/2014	23,979	2,069	N/A	2,593	N/A
9/30/2014	24,028	2,041	N/A	2,307	N/A
6/30/2014	24,150	2,065	N/A	2,324	N/A
3/31/2014	24,405	2,042	N/A	2,080	N/A
12/31/2013	24,661	1,952	N/A	2,483	N/A
9/30/2013	24,980	2,007	N/A	2,336	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0K92's forecast earnings growth (12.7% per year) is above the savings rate (1.9%).

Earnings vs Market: 0K92's earnings (12.7% per year) are forecast to grow slower than the UK market (14.2% per year).

High Growth Earnings: 0K92's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0K92's revenue (3.8% per year) is forecast to grow faster than the UK market (3.7% per year).

High Growth Revenue: 0K92's revenue (3.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 0K92's Return on Equity is forecast to be high in 3 years time (25.3%)

Northrop Grumman Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Northrop Grumman Corporation Provides Earnings Guidance for the Year 2024

Northrop Grumman Corporation Revises Earnings Guidance for the Full Year 2023

Northrop Grumman Corporation Revises Earnings Guidance for the Year 2023

Northrop Grumman Corporation Provides Earnings Guidance for the Year 2023

Northrop Grumman Corporation Provides Sales Guidance for the Fiscal Year 2022

Recent updates

Northrop Grumman’s Program Strategy Driving B-21 Raider Forward in Flight Test, Production

Second quarter dividend of US$2.06 announced

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on September 18, 2024

Second quarter 2024 earnings released: EPS: US$6.37 (vs US$5.35 in 2Q 2023)

Northrop Grumman Corporation(NYSE:NOC) dropped from Russell 1000 Growth-Defensive Index

Northrop Grumman Corporation to Report Q2, 2024 Results on Jul 25, 2024

Now 21% undervalued after recent price drop

First quarter dividend increased to US$2.06

Northrop Grumman Corporation Increases Quarterly Dividend, Payable on June 12, 2024

First quarter 2024 earnings released: EPS: US$6.34 (vs US$5.52 in 1Q 2023)

Northrop Grumman Corporation, Annual General Meeting, May 14, 2024

Northrop Grumman Corporation to Report Q1, 2024 Results on Apr 25, 2024

Fourth quarter dividend of US$1.87 announced

Northrop Grumman Board Declares Quarterly Dividend, Payable March 13, 2024

The Northrop Grumman Corporation Passes Preliminary Design Review for Next Generation Interceptor Solution

New minor risk - Profit margin trend

Northrop Grumman Corporation Provides Earnings Guidance for the Year 2024

Northrop Grumman Corporation to Report Q4, 2023 Results on Jan 25, 2024

Now 23% undervalued

Northrop Grumman Corporation (NYSE:NOC) announces an Equity Buyback for $2,500 million worth of its shares.

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on December 13, 2023

Northrop Grumman Corporation Revises Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$6.20 (vs US$5.92 in 3Q 2022)

Investor sentiment improves as stock rises 15%

Northrop Grumman Corporation to Report Q3, 2023 Results on Oct 26, 2023

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman Corporation Announces B-21 Raider Continues Progression to Flight Test

Northrop Grumman Corporation Appoints Krzysztof Krystowski as New Country Executive for Poland

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on September 13, 2023

Northrop Grumman Corporation Achieves Key Milestone in Arctic Satellite Broadband Mission

Northrop Grumman Corporation Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$5.35 (vs US$6.09 in 2Q 2022)

Now 21% undervalued after recent price drop

Northrop Grumman Corporation Announces Management Changes

New major risk - Financial position

Northrop Grumman Corporation to Report Q2, 2023 Results on Jul 27, 2023

Now 21% undervalued after recent price drop

Northrop Grumman Enhances G/ATOR with New Performance Capabilities

Now 21% undervalued

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on June 14, 2023

Northrop Grumman Corporation, Annual General Meeting, May 17, 2023

Now 22% undervalued

Now 20% undervalued after recent price drop

Northrop Grumman Board Declares Quarterly Dividend, Payable on March 15, 2023

Now 20% undervalued after recent price drop

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman Corporation Provides Earnings Guidance for the Year 2023

Full year 2022 earnings released: EPS: US$31.61 (vs US$43.70 in FY 2021)

Northrop Grumman, AT&T and Fujitsu Demonstrate New 5G-Powered Open Architecture Capabilities to Support Joint Force

Now 23% undervalued after recent price drop

Northrop Grumman Corporation Develops the Next Generation Radar for the F-35 Lightning II

Northrop Grumman Corporation to Report Q4, 2022 Results on Jan 26, 2023

Northrop Grumman Corporation Elects Arvind Krishna to its Board of Directors

Now 20% undervalued

Northrop Grumman Corporation Provides Sales Guidance for the Fiscal Year 2022

Third quarter 2022 earnings released: EPS: US$5.92 (vs US$6.65 in 3Q 2021)

Northrop Grumman Corporation to Report Q3, 2022 Results on Oct 27, 2022

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman to Unveil the B-21 Raider

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on September 14, 2022

Second quarter 2022 earnings released: EPS: US$6.09 (vs US$6.44 in 2Q 2021)

Raytheon Missiles & Defense, Northrop Grumman Complete Second Hypersonic Weapon Flight Test

Northrop Grumman Corporation to Report Q2, 2022 Results on Jul 28, 2022

Northrop Grumman Increases Quarterly Dividend, Payable June 15, 2022

Northrop Grumman Corporation Appoints Kenny Robinson as Chief Diversity Officer

First quarter 2022 earnings released: EPS: US$6.12 (vs US$13.46 in 1Q 2021)

Now 20% undervalued

Now 21% undervalued

Investor sentiment improved over the past week

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on March 16, 2022