Northrop Grumman Prepares to Report Q3 Earnings as Analysts Expect 7.1% Revenue Growth

Northrop Grumman Corp. (NOC) is set to publish its third-quarter financial results on Tuesday morning. Analysts expect the defense contractor to post 7.1% year-over-year revenue growth, an acceleration from the 4.3% increase recorded in the same period last year. Shares of the company last traded at $519.90, up 4.05% for the day.

The report follows a solid prior quarter where Northrop Grumman generated $10.88 billion in revenue, up 5.1% year over year, while raising its full-year earnings guidance. Although defense peers have seen mixed performance in recent reports, analysts have kept revenue expectations steady over the past 30 days. However, the company has faced occasional revenue misses over the prior two years.

Investors will watch whether the upcoming report can maintain momentum despite broader defense sector weakness, which has seen peer stocks drop an average of 5.7% over the last month. The consensus analyst price target for Northrop Grumman stands at $619.08.