Movement Alert｜Northrop Grumman Intraday Rise 3.09% in Regular Trading, Analysts Raised Targets After Q3 Earnings Beat

Market Focus10-23

On October 23, Northrop Grumman saw an Intraday Rise of 3.09% in Regular Trading, with shares trading at $555.98 and turnover reaching $346 million.

The move followed a wave of post-earnings analyst updates after the company reported third-quarter adjusted EPS of $7.89, above the $7.18 consensus estimate, and raised full-year adjusted EPS guidance to $29.35-$29.75 from a market expectation of $28.93.

Recent follow-up revisions reinforced that backdrop: Baird upgraded the stock to Outperform with a $675 price target on October 21, while Barclays on October 22 lifted its target to $430 from $419. The company also guided for full-year sales of $43.75 billion-$44.25 billion, versus a $44.07 billion consensus, while management pointed to next-year sales growth of 5% to 7%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment