Northrop Grumman Third Quarter 2022 Earnings: Misses Expectations

Northrop Grumman (NYSE:NOC) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$8.97b (up 2.9% from 3Q 2021).
• Net income: US$915.0m (down 14% from 3Q 2021).
• Profit margin: 10% (down from 12% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: US$5.92 (down from US$6.65 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Northrop Grumman Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 3.3%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Northrop Grumman you should be aware of.

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