Zacks: Analysts Expect Northrop Grumman Co. (NYSE:NOC) Will Announce Quarterly Sales of $8.84 Billion

 Equities analysts expect Northrop Grumman Co. (NYSE:NOC) to post sales of $8.84 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Northrop Grumman's earnings, with the lowest sales estimate coming in at $8.75 billion and the highest estimate coming in at $8.94 billion. Northrop Grumman reported sales of $8.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The company is expected to issue its next quarterly earnings results on Thursday, October 22nd.

According to Zacks, analysts expect that Northrop Grumman will report full-year sales of $35.50 billion for the current year, with estimates ranging from $35.30 billion to $35.65 billion. For the next fiscal year, analysts forecast that the firm will post sales of $37.69 billion, with estimates ranging from $37.45 billion to $38.15 billion. Zacks' sales calculations are an average based on a survey of research firms that cover Northrop Grumman.

Northrop Grumman computer engineering definition last announced its quarterly earnings results on Thursday, July 30th. The aerospace company reported $6.01 EPS for the quarter, beating the Zacks' consensus estimate of $5.32 by $0.69. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. The firm had revenue of $8.88 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the firm posted $5.06 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis.