Northrop Grumman Stock Rises But Trails Broader Market Ahead of Q4 Earnings
• Northrop Grumman (NOC) stock rose 1.2% but underperformed the broader market • NOC is expected to report a 23% drop in Q4 EPS to $5.77 on revenue growth of 3.7% • Analysts forecast 2022 EPS of $22.73, down 11%, on revenue of $39.02B, up 6.6% • NOC has a Zacks Rank of #3 (Hold) and trades at a premium to industry average valuation • The Aerospace-Defense industry ranks in the top 22% of Zacks sectors by average broker rating